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
ikadub [295]
2 years ago
14

Each individual firm will maximize its profits or minimize losses by hiring a specific type of labor up to the point where the m

arginal revenue product is ______ marginal resource cost.
Business
1 answer:
Talja [164]2 years ago
4 0

Answer:

equal is the correct answer.

Explanation:

You might be interested in
Suppose the average income of a citizen of Poland is higher than the average income of a citizen of Romania. You might conclude
irinina [24]

Answer:

D) productivity in Poland is higher than in Romania.

Explanation:

Income and wages are directly related to productivity and economic growth. Productivity refers to the total output produced by each unit of labor, an almost all variations in the standard of living of a country and most variations in economic growth are associated with it.

The logic is that a worker that is able to generate a higher level of output should earn a higher income. E.g. if you are a salesperson that sells $200,000 worth of merchandise per month should earn more money that another salesperson that only sells $50,000 per month. Generally, the more money you earn, the higher your standard of living.

6 0
3 years ago
Read 2 more answers
Anthony Finley wishes to become a millionaire. His money market fund has a balance of $287,270 and has a guaranteed interest rat
mrs_skeptik [129]

Answer:

15 years

Explanation:

The target accumulated future amount is the future value of the initial investment(present value), hence, using the future value formula provided below we can determine the investment time horizon in years required to accumulate the target amount:

FV=PV*(1+r)^n

FV=$1,200,000

PV=$287,270

r=10%

n=investment period in years=unknown

$1,200,000=$287,270*(1+10%)^n

$1,200,000/$287,270=(1+10%)^n

$1,200,000/$287,270=(1.10)^n

take log of both sides

ln($1,200,000/$287,270)=n ln(1.10)

n=ln($1,200,000/$287,270)/ln(1.10)

n=15.00years

4 0
2 years ago
Each scenario below illustrates a basic underlying principle of economics of how economies work through the interactions of indi
vladimir1956 [14]

Answer:

The correct answer is: market efficiency; government intervention; specialization; equilibrium.

Explanation:

The owner of the snow cones realizes that the demand for snow cones has decreased in winter, and thus, closes shop to open back. This is an example of market efficiency.  

The local river is being polluted too much because of the amount of chemicals being dumped in the river. The government puts regulation on the amount of chemicals being dumped. This is an example of government intervention in the economy.  

At a restaurant one chef is placed at the vegetable station, one chef is at meat station, and one is to plate the food. This an example of specialization the management is placing chef that specializes in vegetable, meat and in plating at their respective positions.

The favorable whether leads to increase in supply of oranges. This causes a rightward shift in supply curve. The price of oranges fall as a result. This is an example of change in equilibrium.

3 0
3 years ago
Some companies may restrict what types of perfume or cologne may be worn in their workplace.
Viefleur [7K]
True there are some companies that don't allow you to ware some times of perfume or cologne 
8 0
3 years ago
Read 2 more answers
When a project team member is not performing, rewards may not prove as effective as a coercive approach that threatens the team
REY [17]

Answer:

True

Explanation:

Workplace coercion is used to alter the belief system and values of an organisation. It creates   unhealthy work environment. In workplace coercion strength and power are used to force employees to increase productivity. It can also include threats. Such tactics are used to get better results from employees.

It  workplace coercion continues for a long time it can demoralise the employees. It is also problematic for the organisation to use its human resources effectively.

Although employees try to adapt and learn the work, coercion can lead to absences.

5 0
3 years ago
Other questions:
  • An arbiter is consulted when
    12·1 answer
  • An investor is in a 30% tax bracket. If corporate bonds offer 9% yields, what must municipals offer for the investor to prefer t
    13·1 answer
  • On December 31, 2020, Berclair Inc. had 200 million shares of common stock and 3 million shares of 9%, $100 par value cumulative
    15·1 answer
  • A store will give you a 2% discount on the cost of your purchase if you pay cash today. Otherwise, you will be billed the full p
    12·1 answer
  • 6. When food is plated with prime rib in front, puréed turnips at the rear, and a salad topped with Italian cheeses beside them,
    7·1 answer
  • Gruber Corp. pays a $9 dividend on its stock. The company will maintain this dividend for the next 3 years. In year 4, the divid
    6·1 answer
  • Business Question
    15·1 answer
  • Carolyn owes $9,620 on her Electronics Boutique credit card with a 16.4% interest rate. She owes $3,970 on her Miscellaneous Goo
    8·2 answers
  • A person of color has been working at consulting firm for a few years and has noticed that despite his best efforts and outstand
    7·1 answer
  • Next year baldwin plans to include an additional performance bonus of 0. 5% in its compensation plan. This incentive will be pro
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!