subject
Business, 11.01.2020 06:31 chandranewlon

Afirm is a competitive seller of output at amarket price of $3. the only resource itrequires to create its product is labor, which itpurchases competitively at a wage rate of $6per hour. the last worker it employs increasestotal output from 36 to 40 units per hour. what is the marginal revenue product for thisworker? (a) $3
(b) $6
(c) $12(d) $24
(e) $40

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 23:00
Ajustification for job training programs is that they improve worker productivity. suppose that you are asked to evaluate whether more job training makes workers more productive. however, rather than having data on individual workers, you have access to data on manufacturing firms in ohio. in particu- lar, for each firm, you have information on hours of job training per worker (training) and number of nondefective items produced per worker hour (output). (i) carefully state the ceteris paribus thought experiment underlying this policy question. (ii) does it seem likely that a firm’s decision to train its workers will be independent of worker characteristics? what are some of those measurable and unmeasurable worker characteristics? (iii) name a factor other than worker characteristics that can affect worker productivity. (iv) if you find a positive correlation between output and training, would you have convincingly established that job training makes workers more productive? explain.
Answers: 2
question
Business, 22.06.2019 18:00
David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?
Answers: 1
question
Business, 22.06.2019 20:00
Acompetitive market in healthcare would a. overprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers b. underprovide healthcare because it would eliminate medicare and medicaid c. underprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers d. overprovide healthcare because it would be similar to the approach used in canada
Answers: 1
question
Business, 23.06.2019 02:00
Here are the expected cash flows for three projects: cash flows (dollars) project year: 0 1 2 3 4 a − 6,100 + 1,275 + 1,275 + 3,550 0 b − 2,100 0 + 2,100 + 2,550 + 3,550 c − 6,100 + 1,275 + 1,275 + 3,550 + 5,550 a. what is the payback period on each of the projects? b. if you use a cutoff period of 2 years, which projects would you accept?
Answers: 2
You know the right answer?
Afirm is a competitive seller of output at amarket price of $3. the only resource itrequires to crea...
Questions
question
Mathematics, 15.12.2020 19:10
question
History, 15.12.2020 19:10
question
Mathematics, 15.12.2020 19:10
Questions on the website: 13722366