Employees marginal product per hour of the last worker

Assignment Help Business Economics

Reference no: EM13802144

1. Suppose the employees of Starbucks in China are paid 8 Yuan per hour and a cup of coffee is priced at 8 Yuan. If Starbucks is maximising its profit, a what is the value of marginal product of labour (VMPL) per hour of the last worker employed by Starbucks? Briefly explain your answer.

2. What is the employee’s marginal product per hour of the last worker employed? Briefly explain your answer.

Reference no: EM13802144

Questions Cloud

Explain how a clear and simple policy targets agreement : Explain how a clear and simple Policy Targets Agreement (PTA) might have helped to maintain a low inflation regime with low unemployment in the 1990s while in 2012 a similar regime no longer seems to be achievable under a very different PTA.

Marketing research-learning about various consumer markets : The Internet provides a wonderful opportunity for doing marketing research and learning about various consumer markets. You are to prepare a report on the size, location, purchasing power, and market potential for the 3 largest minority target market..

Identify and contain the hardware and software requirements : For the case study provided to you, create MS Word tables that identify and contain the hardware and software requirements to meet the director's requirements. The MS Word document in its final form will include 5 MS Word tables

Individual assignment on career development plan summary : Career Development Plan Summary

Employees marginal product per hour of the last worker : Suppose the employees of Starbucks in China are paid 8 Yuan per hour and a cup of coffee is priced at 8 Yuan. If Starbucks is maximising its profit, a what is the value of marginal product of labour (VMPL) per hour of the last worker employed by Star..

Does the level of the water in the swimming pool rise : Does the level of the water in the swimming pool rise, stay the same or decrease - Does the hydrostatic pressure at the bottom of the milk bottle remain the same during the phase separation of the cream?

Is this evidence of sex discrimination : Why are coal miners in China paid higher than factory workers even though they have received more or less the same level of education and training? Why are workers with good looks paid higher in some jobs, but not in others? A recent report released ..

Moving average forecasting models : Moving average forecasting models are powerful tools that help managers in making educated forecasting decisions. A moving average is mainly used to forecast short historical range data.

What physical change took place in the spirit of chirtmas : What physical change took place in the spirit of chirtmas present from his when he first appears in the story to when he leaves?

User Account

All Pages