All categories

3 years ago

If the price of output falls from $5 to $2, the value of the marginal product of labor of all workers:

Business

1 answer:

kicyunya [14]3 years ago

3 0

When price declines, the value of marginal product of labor of all workers decreases.

Marginal product of labor is the change in output when labor employed in changed by one unit. For example, if total output of labor is 10 units when only one unit of labor is employed and 20 when two units of labour is employed. Price is $1. The marginal product of labor is $10 $1(20 - 10).

An increase in the price of output increases the marginal product of labor and a decline in the price of output decreases the marginal product of labor.

Please find attached the complete question. To learn more about the marginal product of labor, please check: brainly.com/question/17009411

You might be interested in

A lot of points

Pie

Answer:

The answer is C

Explanation:

6 0

3 years ago

(a) What factors determine a

Snezhnost [94]

Answer:

(a) What factors determine a company's total revenue?

Sales.

(b) Do higher lead to increased revenues for a company?

Yes, a <u><em>Lead</em></u> is a person or company that might finally become a client, and drive the sales up.

6 0

3 years ago

The ________ phase of the strategic marketing process usually results in a(n) ________ that sets the direction for the marketing

zhenek [66]

Answer:

planning; marketing plan

Explanation:

The planning phase is the second phase of any activity. It is basically made after analysis of all the problems and opportunities.

Planning phase basically aims at organizing the techniques for achieving the aims. This aims for planning phase to achieve the sales and set targets for gaining maximum performance in marketing. This sets all the strategies and policies for marketing.

7 0

3 years ago

Business solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. the $174

Natasha2012 [34]

Answer:

Variable Expenses

Desk $115,520

Chairs $19,040

Fixed cost

Budgeted $40,000

Under absorbed $1,800

Explanation:

Variable costs are those will vary will the change in sale or activity level e.g material cost, labor cost etc.

Fixed costs are those which remains fix and does not vary with the change in sale or activity level.

5 0

3 years ago

During December, Far West Services makes a $2,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.

klasskru [66]

Answer:

This long of a question for onmly 10 points? But ill answe rit anyway. 48000299 the 200

Explanation:

3 0

3 years ago