Answer:
The marginal revenue product has a property known as diminishing marginal return.
The property of diminishing marginal return tells us that theres an amount of input that maximizes revenue, and after this point is reached, additional units of input less addional revenue until diminishing it.
In this example, the Collection Agency is way past the maximum revenue point (located at $34.00 per worker). It needs to lay off employees until it goes from the current $40.00 marginal revenue product, until $34.00 marginal revenue product.
Answer:
16.59%
Explanation:
First we look at the formula which to determine the future value of the security and then work back to determine the annual return in terms of percentage
Future Value = Present Value x (1 +i)∧n
where i = the annual rate of return
n= number of years or period
We then plug the given figures into the equation as follows
we already know Present value to be $10,000 and the future value to be $100,000 and the number of years to be 15
Therefore, the implied annual return or yield on the investment is
100,000 = 10,000 x (1+i)∧15
(1+i)∧15 = 100,000/10,000 = 10
1 + i = (10∧(1/15))=1.165914
i= 1.165914-1
= 0.1659
= 16.59%
Answer:
Option E. Ensure that performance standards are not vague.
Explanation:
Option E is correct because if the performance standards are not vague and are realistic then the evaluation will be more fair. It will also not demotivate the employees as they will be accepting what went wrong.
Option A is incorrect because we can use both subjective and objective performance indicators.
Option B is incorrect because ensuring less time to appraise the performance means that the appraiser hasn't acknowledged the full scenario hence the evaluation wasn't fair.
Option C is incorrect because distributive justice must be applied. As it helps in acknowleging what the organization has done wrong with the employees that has resulted in poor performance.
Option D is incorrect because if the performance indicators are not representative of tasks for which the person was accountable then the evaluation is not fair. I will be held accountable for things which I wasn't deligated responsibility. Hence employee must be accountable for the responsibility deligated.
Answer:
It occur where MR = MC
Explanation:
Perfectly competitive organization or firm is the one who is price taker, which states that they must accept the price at which it sells the goods to consumer.
In a firm that is a perfectly competitive, the level of output as well as the price happen where the Marginal Cost is equal to the Marginal Revenue.
It is stated as MR = MC.
