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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

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Answer:

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2. The computation of the amount of underapplied or overapplied overhead for the year is shown below:-

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= $191,100

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3 years ago

Ronald is 92 years old and in poor health. Clever investing earlier in his life has left him with a sizeable income. He is able

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Answer:

Two(2) exemptions

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In a recent year, BMW sold 217,044 of its 1 Series cars. Assume the company expected to sell 226,244 of these cars during the ye

True [87]

Answer:

The answers are:

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+ Sales volume variance: $(239,200,000)

Explanation:

We have detailed calculations shown as below:

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So, for BMW recent year, we have:

+ Sales price variance: $65,113,200;

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