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marin [14]
3 years ago
8

g The effect on revenue due to a marginal increase in the input is called the marginal revenue product. Match the statements bel

ow with the appropriate type of market structure a firm operates in. The marginal revenue product of the input x is lower than the value of the marginal product of that input (price times marginal product). This statement is true for a
Business
1 answer:
morpeh [17]3 years ago
5 0

Answer:

Statement true for Imperfect Competition Markets

Explanation:

Marginal Revenue Product is additional revenue due to hiring of additional input, it is product of marginal product & marginal revenue = MP x MR

Value Marginal Product is money value of additional production with additional input, product of marginal product (MP) & price (AR), = MP x AR

Input demand curves are derived demand curves, derived from demand of final goods. In perfect competition, demand is perfectly inelastic & horizontal, AR = MR, so MRP = VMP in this case. In imperfect competition market (oligopoly, monopoly etc) - MR < AR, so MRP < VMP in this case.

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Q 11.5: A corporation purchases 4,000 shares of its own $5 par common stock for $8 per share, recording it at cost. What will be
BaLLatris [955]

Answer:

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the treasury sotck are recorded at cost:

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As this shares are no longer outstading they are held by the firm thus, the capital fund of the firm are lower.

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7 0
3 years ago
7. If your manager asks you to place a call for him or her, what's the best course of action?
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finlep [7]

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3 0
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