In the traditional labor model, the amount that an additional worker hired adds to the revenues of the firm is called the _____
1 answer:
Answer:
The correct answer is marginal product.
Explanation:
The marginal product of labor is the change in the output or total product because of hiring an additional unit of labor. In other words, the amount that an additional worker adds to the revenue is its marginal product.
It can be expressed as,
The marginal product of labor depends on the quantity of capital and labor already employed.
You might be interested in
Answer:
The appropriate solution is "$130,000".
Explanation:
The given values are:
No. of common shares outstanding
= 50,000
Dividend per share
= $1.80
No. of preferred shares outstanding
= 8,000
Dividend per share
= $5
Now,
The total dividend on common shares will be:
=
On substituting the values, we get
=
= ($)
The total dividend on preferred stock will be:
=
On substituting the values, we get
=
= ($)
Hence,
The total dividend paid by company will be:
=
=
= ($)
Thus the above is the correct answer.