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2 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]2 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

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Camille is having second thoughts about obtaining a college degree. She will have to take out tens of thousands of dollars in lo

Darina [25.2K]

Answer:

More opportunities will be available, financially and otherwise, with a college degree than without one.

Explanation:

From the passage, it stated that:

1. There is a faulty economy. This implies that economy is having a problem or the economy is in recession with little or no opportunities in terms of jobs and payments.

2. Hundreds of other college graduates earning the same degree. This implies that there many people with the same degree qualification competing for the limited job available in the faulty economy.

Based on the two statements above, it false to say that more opportunities will be available, financially and otherwise, with a college degree than without one.

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3 years ago

Read 2 more answers

What is corporate image or corporate identity?

anastassius [24]

Answer:

A corporate identity or corporate image is the manner in which a corporation, firm or business enterprise presents itself to the public.

Explanation:

3 0

3 years ago

Given $100,000 to invest, construct a value-weighted portfolio of the four stocks listed below.

fredd [130]

Answer:

Given $100,000 to invest using a value-weighted method, the weights will be decided based on market share. The individual stocks will be weighted based on their proportion of the total market value.

Total Market value for all the shares

= ($14 * 1,430,000) + ( 24 * 1,440,000) + (43 * 29,520,000) + ( 9 * 11,480,000)

= 20,020,000 + 34,560,000‬ + 1,269,360,000‬ + 103,320,000‬

= $1,427,260,000‬

Golden Seas Weight

= (14 * 1,430,000) / 1,427,260,000‬

= 1.40%

Jacobs and Jacobs

= ( 24 * 1,440,000) / 1,427,260,000‬

= 2.42%

MAG

= (43 * 29,520,000) / 1,427,260,000‬

= 88.9%

PDJB

= ( 9 * 11,480,000) / 1,427,260,000

= 7.24%

7 0

3 years ago

Brooke, a single taxpayer, works for Company A for all of 2019, earning a salary of $50,000. b. Assume Brooke works for Company

svet-max [94.6K]

Answer: $10,710

Explanation: The FICA tax (Federal Insurance Contribution Act) an employee payroll tax that funds Social Security benefits 6.2% and Medicare health insurance 1.45%.

Company A

Earnings $50,000

r = 6.2%

Social security = $50,000 × 0.062

= $3100

Medicare = $50,000 × 0.0145

= $725

Company B

Earnings = $90,000

Social security = $90,000 × 0.062

= $5580

Medicare = $90,000 × 0.0145

= $1305

Brooke FICA tax obligations of the year.

= $5580 + $1305 + $3100 + $725

= $10,710

8 0

3 years ago

An economic model is purposeful simplification of reality, whose function includes:A. Understanding the full complexity of the r

Gnesinka [82]

Answer:

The correct answer is C. Analyzing the behavior of a typical or average consumer or firm.

Explanation:

The simplification method will be of great help but forces us to decide which aspects of reality should be included in the model and which ones can be omitted. The answer to that question is that we try to build the simplest models we can, on the condition that they are able to answer the questions we ask. In this case we will focus on looking for the effects of economic policy on the well-being of people and companies, in the model of the global economy that we will develop there must be an authority that decides what the economic policy, people and companies will be.

For the models to be useful, they have to be simple. An economic model that was as complicated as the real world would be as useless as a current society without a monetary system. Of course, the simpler a model, the less questions you will be able to answer. And that is the tightrope by which we have to move in the simplification process. We try to design models that are rich enough to answer in detail the questions we ask and simple enough for us to understand and solve.

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3 years ago