User Account

All Pages

General relationship between marginal product of labor

Assignment Help Business Economics
Reference no: EM131415846

Think about the general relationship between the marginal product of labor (MPL) and the marginal cost of output (MC). As MPL increases, what happens to MC?

  • MC increases
  • MC decreases
  • MC remains the same
  • Any of the above answers could be correct, depending on the industry

Reference no: EM131415846

Questions Cloud

What can we say about the average and margin : If the margin is greater than the average, what can we say about the average and margin?
Sales representative for a pharmaceutical manufacturer : What labor markets should be considered when recruiting to fill an opening for a sales representative for a pharmaceutical manufacturer?
For the acquisition of leadership training : Develop a Statement of Work (Section C) for the acquisition of Leadership Training. Indicate a major take-away from the article and how you would apply it as a lessons learned to your current team in class or your team in the workplace?
Compute the missing amounts in the following table : Specifically, analyze the company's sales growth, profits, profits as a percentage of sales, and dividends declared as a percentage of net income (dollar amounts in billions)
General relationship between marginal product of labor : Think about the general relationship between the marginal product of labor (MPL) and the marginal cost of output (MC). As MPL increases, what happens to MC?
What role do biological factors play in addiction : After reading the module notes and the accompanying readings, answer the following questions: What role do biological factors play in addiction? Why do some studies indicate that children who do not live with an addicted parent have the same likelih..
Selection of market structure : Select an industry or firm. State its market structure (pure competition, monopoly, monopolistic, or oligopoly). Next, please define the characteristics of the industry or firm that support your selection of market structure. Lastly, describe and..
Calculate the discharge and seepage velocities : Calculate the discharge and seepage velocities for water flowing in a pipe filled with sand, with a hydraulic conductivity of 0.02 m/day and an effective porosity of 0.25. The hydraulic gradient is 0.4. How far will the water move in one year?
Describe your expectations for a job : Describe your expectations for a job. How well does your employer meet the expectations you bring to the psychological contract? Explain your answer and please conduct research to support your findings, citing at least one scholarly resource in APA f..

Reviews

Write a Review

Business Economics Questions & Answers

  Option to work for a company in a particular market

Given the option to work for a company in a particular market, would you choose to work for a Western Multi-National Enterprise (MNE) such as IBM, moving into a developing country such as India, or would you choose to work for a company from an emerg..

  When the incidence analysis of tax increase incorporates

When the incidence analysis of a tax increase incorporates the assumption of an offsetting decrease in another tax, we call the analysis

  The promotion mix tool

The promotion mix tool that is most often used in B2B marketing is ____________.

  Elucidate how if at all every of the following events

Elucidate how if at all  every of the following events will affect a country's production possibilities curve.

  It is too costly for you to continue running your shop

Suppose you own and operate a coffee shop in your hometown. Each year, you receive revenue of $200,000 from coffee sales, and it costs you $100,000 to obtain your raw materials. In addition, you pay $20,000 for electricity, taxes, and other expenses ..

  Fruit-picking can be done by children or adults

Assume to fruit-picking can be done by children or adults, but to adults are twice as efficient as children

  Illustrate what factor might the global financial crisis hit

Illustrate what factors might explain why the $A went so low when the Global financial crisis hit the world economy in late 2008?

  The value of cross price elasticity of demand between goods

The value of cross price elasticity of demand between goods A and B is 0.75, while the cross price elasticity of demand between goods A and C is -1.38. Characterize A & B and A & C as substitutes or complements. Explain why this is the case.

  Demand for saras sweatshirts in long run

What happens to the demand for Sara's sweatshirts in long run. In long run, what happens to Sara's economic profit.

  How company is the low-cost provider of these boxes

How company is the low-cost provider of these boxes with fixed cost of $480,000 per year, plus variable cost of $30.00 for each box. Annual demand and marginal revenue functions for the company are.

  What are the two flows in the circular flow model

Use examples to distinguish between the resource market and the product market in the circular flow model. As we read this unit, how does the circular flow model illustrate how our economy works? How does the circular flow model work? What are the tw..

  Cost of the raw material purchased to manufacture food

Fixed cost of production in a fast food restaurant include cost of furniture, rent, insurance charges, interest on the loan taken etc. variable cost of production include cost of the raw material purchased to manufacture food, wages to the staff, cle..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd