The value of the VMP are 600, 570, 540, 510, 480, 450. The total workers to be hired are 4 workers because MRL > wage.
<h3>How to solve for the VMP</h3>
= MP * selling price
- 20 * 30 = 600
- 19 * 30 = 570
- 18 * 30 = 540
- 17 * 30 = 510
- 16 * 30 = 480
- 15 * 30 = 450
This has been computed in the excel file that I have attached to the question.
2. A competitive firm is going to have to hire when the wage is equal to MRPL or MRPL is greater than the wage
based on this the labor of the firm would be at 4 units.
3. Four workers are going to be hired based on the fact that the marginal revenue of the added labor is more than the wage that was paid for the work done.
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<u>True.</u> The "Data about Data" database, which is used to integrate and manage end-user data, contains a set of relationships between the data that are described by metadata.
<h3><u>What is metadata?</u></h3>
Metadata is defined as "data about data" or "data that describes other data." In technological circles, the prefix "meta" usually refers to "an underlying definition or description." Metadata facilitates locating and dealing with data by enabling the user to sort or locate particular documents.
Author, creation, and modification dates, as well as file size, are some instances of basic metadata. Unstructured data like pictures, videos, web pages, spreadsheets, etc. are also utilized with metadata. Meta tags are a common way for web pages to contain info.
Meta tags for keywords and descriptions are frequently used to describe the content on a web page. This information can be used by search engines to better comprehend a page's content.
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Answer:
e. the total of currency in circulation, plus depository institution reserves and vault cash
Explanation:
Monetary base is a concept in money supply that measures highly liquid assets in an economy.
It includes all cash that is in circulation in the economy and those deposits that are held as reserves by the central bank from commercial banks. Cash in bank vaults are also included because they are readily available to the economy.
For example if there is $200 million in circulation and there is $13 billion in the central bank as reserves from commercial banks, the total monetary base is $13.2 billion
D. It keeps prices fair for consumers
Answer: I must invest <u>$85424.14</u> today in order to buy a Ferrari nine years from now on the day I turn 30.
We have
Price of the Ferrari nine years from now (Future Value - FV) $215000
Expected Rate of return on the mutual fund (r) 10.8%
Time until I turn 30 (n) 9 years
We can calculate the Present Value (PV) or the money to be invested today as
