1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
You are thinking of building a new machine that will save you $ 2 comma 000 in the first year. The machine will then begin to we
Serga [27]

Answer:

Present Value= $18,181.82

Explanation:

Giving the following information:

Savings= $2,000

The machine will then begin to wear out so that the savings decline at a rate of 4 % per year forever.

Interest rate= 7%

To determine the present value of the savings, we need to use the perpetual annuity formula with the decline rate.

PV= Cf/ (i + g)

Cf= cash flow

PV= 2,000/ (0.07 + 0.04)

PV= $18,181.82

4 0
3 years ago
The country of Leverett is a small open economy. Use the information provided below to answer the following questions about nati
oee [108]

Answer:

Explanation:

When Leverett's exports became less popular, its savings, Y-C-G does not change. Reason being that, it is assumed that Y depends on the amount of capital and labour, consumption depends only on disposable income and government spending is a fixed extrinsic variable.

Since investment depends on interest rate, and Leverett is a small open economy that takes the interest rate as given, thus investment also does not change . Neither does net export change (This is shown by the S-I curve in the attachment).

The decreased popularity of Leverett's exports leads to an inward shift of the net export curve inward. At the new equilibrium,net exports remains unchanged, though the currency has depreciated.

Leverett's trade balance remained the same, despite the fact that its exports are less popular, this is due to the fact that  the depreciated currency provides a stimulus to net exports which overcomes the unpopularity of its exports by making them cheaper.

b. Leverett's currency now buys less foreign currency, thus traveling abroad  becomes more expensive. This is an instance showing that imports (including foreign travel) have become more expensive- as required to keep net exports unchanged in the case of decreased demand for exports.  

8 0
3 years ago
Read 2 more answers
_____ is the act of taking air in as the diaphragm contracts and pulls downward.
Alja [10]
<span>The answer is breathing. Breathing is the act of taking air in as the diaphragm contracts and pulled downward. Breathing is essential to survival. Breathing also involves the lungs. Carbon dioxide is also exhaled from the lungs during breathing.</span>
8 0
3 years ago
QS 15-4 Raw materials journal entries LO P1 During the current month, a company that uses job order costing purchases $90,000 in
Temka [501]

Answer:

The journal entries are shown below:

Explanation:

The journal entries are as follows

Raw materials inventory $90,000  

      To  Cash  $90,000

(Being the raw material is purchase for cash is recorded)

Factory overhead $17,000  

         Raw materials inventory  $17,000

(Being the factory supplies is recorded)

Work in process inventory $66,100  

         Raw materials inventory $66,100

(Being the work in process is recorded)

Only these three entries are to be recorded)

8 0
3 years ago
George owns Luxury Yacht Company and has just received an order for one of its luxury models. To protect his company against the
Mariulka [41]

Answer: Letter of credit

Explanation:

 The letter of credit is one of the type of payment process that is specifically used for the purpose of international trading as it helps in proving the economical guarantee from the bank to the trader of various type of goods and the services.

 The letter of credit is also refers as the documentary based credit and also the guarantee undertaking letter which is used at the time of payment and the main advantage of the letter of credit is that it is highly customizable, safety business process, Payment assured and also free from all the types of credit risk.        

According to the given scenario, George asked the customer for providing the letter of credit for the purpose of protect his company fro the various types of payment and economical issue.  

  Therefore, Letter of credit is the correct answer.

3 0
3 years ago
Other questions:
  • Xavier Co. wants to purchase a machine for $37,000 with a four year life and a $1,000 salvage value. Xavier requires an 8% retur
    12·2 answers
  • In any organization, ______ such as raw materials, labor, facilities, equipment, and knowledge, are needed to transform them to
    7·1 answer
  • Short-term bank loans (Select all that apply.) usually have a lower interest rate than long-term debt. usually have a higher int
    11·1 answer
  • A single-stock futures contract on a non-dividend-paying stock with current price $250 has a maturity of 1 year. If the T-bill r
    11·1 answer
  • Determine how each scenario will impact either supply or demand in the given market.
    13·1 answer
  • Amazon offers customers customized recommendations based on previous purchases. Which of the following does this​ illustrate? A.
    12·1 answer
  • A manager in your organization just received a special order at a price that is "below cost." The manager points to the document
    10·1 answer
  • The following present value factors are provided for use in this problem.
    11·1 answer
  • Which of the following best explains the difference between short-term and long term planning?
    11·1 answer
  • Xavier has been working at his first post college job for almost a year when his company gives him a raise, resulting in a paych
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!