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Suppose the marginal product of labor is currently equal to its average product. If you were one of 10 new workers the firm was about to higher, would you prefer to be paid the value of your average product or the value or your marginal product? Would it be in the interests of an employer to pay you the value of your average product?
1) Distinguish between absolute and relative PPP. Which holds true in the real world?
Suppose a firm finds that the marginal product of capital is 60 and the marginal product of labor is 20. If the price of capital is $6 and the price of labor is $2.50, describe how the firm should adjust its mix of capital and labor? What will be the..
Determine the capitalized cost of a power plant which requires PhP10,000,000 for original construction with a PhP500,000 operating
Illustrate what is currently occurring to the supply also demand for labor also its effects on wages, union membership, also other labor force related topics.
Using the Balanced Scorecard as a Control System. Balanced scorecard is used in HR to monitor employee performance and other stuff. It is generic in this question there is no data.
A perfectly competitive firm sells 50,000 units of knives at a price of $3. The firm's average cost at 50,000 units is $2.75. Calculate the firm's profit. Please verify answer twice before sending back to me the steps. I want to make sure I have the ..
Question 1. Individual Essay (50%) The country that I have selected is United Kingdom (UK). You are required to undertake a secondary research of an economy. Th
As an Indian government official, how do you introduce the new policy to allow such entry to an angry crowd of mom-and-pop shopkeepers?
Sam, after taking a $200 loan from the bank to finance an investment that pays $1000 50% of the time and $0 50% of the time at a 100% interest
When attendees are hit by a baseball and inured, they frequently charge the stadium owner and/or baseball team should have provided more or better screens.
Imagine you come back to your economics class in the year 2050. How will the textbook describe money and banking? Based on trends you see today, make a prediction for the future of money. Explain why you think this trend will occur and how it will af..
Determine the effective annual interest i as a percentage.
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