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Q. What is Unit Labour Cost?
Unit Labour Cost: How much an employer pays for labour needed to produce each unit of a good or service. Unit labour cost can be computed by dividing a worker's hourly (or annual) labour cost, by amount (in physical units or value terms) that they produce during that hour (or year). It is hence the ratio of labour costs to productivity. Companies try to decrease their unit labour cost, either by increasing productivity (denominator) orby reducing labour costs (numerator).
Price Elasticity of Demand is explained below: Price elasticity of demand/require is the percentage change in the quantity demanded with respect to the percentage change in the
when the demand function is 2q-24+3p=0,find marginal revenue when q=3
Female-headed households: The high incidence of unemployment among the educated in general and women in a particular reflects that the pace of creation of diversified employme
Q. What do you meant by Payroll Tax? Payroll Tax:A tax which is levied on current employment or payrolls (collected either as a fixed amount per employee or as a percentage of
discus how opportunity cost influence supplier''s decision to supply labour
Distributive Bargaining An approach to negotiation that finds to divide up a fixed amount of resources.
1. Describe why government regulation is required, citing the major reasons for government involvement in a market economy. 2. Justify the rationale for the intervention of gove
The market demand function of a firm is given by 4P + Q - 16 = 0 And the AC function takes the form AC = 4/Q + 2 - 0.3Q + 0.05Q 2 Find the Q which gives: (a) Maxim
homework assignments
If the marginal product of labor is 45 units of output and the marginal products of capital is 56 units of output while the wage rate is $20 per worker and the cost of capital is $
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