hayhh5114 hayhh5114

02-11-2022
Business

Answered

marginal revenue product measures the multiple choice amount by which the addition of one more worker increases a firm's total revenue. decline in product price that a firm must accept to sell the extra output of one more worker. increase in total resource cost resulting from the hire of one extra unit of a resource. increase in total revenue resulting from the production of one more unit of a product.

Answer :

Other Questions

the table shows the total production of burritos in a burrito shop given various numbers of employees. diminishing marginal product sets in with the: multiple c

when a there is an inelastic demand to a hospitality product (i.e., rooms), in general, group of answer choices a percentage change in price results in a larger

holding other factors constant, if a tax increase moves the government budget from deficit to surplus, then the real interest rate will and the equilibrium q

when a movie theater charges $10 for admission, there is an average daily attendance of 500 people. for every $1 increase in admission, there is a loss of 10 da

the journal entry to record the purchase of materials on account is a(n): multiple choice question. increase in assets and a decrease in liabilities increase in

please state whether the following changes would impact (shift) ad or as and in which direction the shift would occur (increase or decrease). a) an increase in

if we use a narrow definition of monopoly, then a monopoly is defined as a firm group of answer choices that has been granted special production rights by the g

the unemployment rate is: a. the number of people receiving unemployment benefits as a percent of the total labor force. b. the number of unemployed as a percen

with regard to global marketing, one of the offensive goals a firm seeks to achieve is to: group of answer choices avoid being locked out of future markets by a

the interest rate effect helps to explain why: multiple choice an increase in the price level reduces the quantity of aggregate demand. an increase in the price