Answer:
(I) using temporary workers.
(II) shifting demand from high-demand periods to low-demand periods
(IV) discovering bottlenecks.
Explanation:
For reducing the waiting lines manager should be considered by using the temporary workers that help the company for any loss now if the demand is shifted from high to low it helps to manage the service level and for establishing the bottlenecks the problem is also solved
Therefore the first second and fourth part is chosen
Adam Smith's ‘invisible hand' refers to: how households and firms, acting in their own self-interest, manage to make everyone better off. the control that large firms have over the economy. how governments allocate economic resources. how central planners made economic decisions.
Answer: how households and firms, acting in their own self-interest, manage to make everyone better off
Explanation:
Adam Smith's ‘invisible hand could be described as a specific market pattern that is of advantage to both the demand and supply, where both party of the demand and those supplying reach an balance, where they both gain from each other, irrespective of how it minimal. An example is the decision of an individual purchasing an item and buying other item from same company which compliments the earlier item bought.
During an expedition, archeologists find four objects at the positions labeled E, F, G, and H in the image. How far are the artifacts E and F from each other? A. 5 units B. 8 units C. 10 units D. 12 units
Answer:
Distance between E and F = 8 units
Explanation:
Given:
Coordinate of E = (3,5)
Coordinate of F = (3,-3)
Find:
Distance between E and F
Computation:
Distance = √(x₁-x₂)² + (y₁-y₂)²
Distance between E and F = √(3-3)² + (5+3)²
Distance between E and F = √(8)²
Distance between E and F = 8 units
Answer:The Answer is 8 and it is confirmed I did it in edmentum and got them all correct please just send me a message and I will answer it ASAP if you have any more question HaVe A gReAt DAY!
Explanation:
Mike remembers his grandfather telling him, "If you can find something you like to do, and somebody is willing to pay you to do it, that's the secret to a great life." The way Mike saw it, this was his chance. For the past five years, he's been splitting his time between school and working at a local tree farm. The owner recently announced he was ready to retire. As Mike began creating a business plan, he contemplated what the business might be worth. How much will he need to buy this business
Options:
For starters, Mike
A. needs to understand that it's difficult to buy an existing business, rather than start your own. The key will be to meet with the company's accountant, and explain your interest. The accountant will have all the answers.
B. will want to determine the assessed value of the acreage that the business owns, and then bid competitively.
C. should speak with the current owner and determine the total value of assets (what the business owns), its earning potential, and its unique advantage.
D. needs to find a government database that outlines what nursery businesses are worth, on average, across the country.
Answer:
C. should speak with the current owner and determine the total value of assets (what the business owns), its earning potential, and its unique advantage.
Explanation:
It is somewhat inaccurate to say "it's difficult to buy an existing business", because there are several advantages of doing , such as already established market etc.
Mike's speaking to the current owner not the company's accountant may provide more information than what is known by the company accountant.
Having proper knowledge about the earning potentials and unique advantages of the company would enable Mike know what the business he is about to venture into is really worth.
Intangible assets derived mostly from human capital are on the rise, according to the advisory firm Ocean Tomo. A study of the Standard and Poors' 500 index from 1975 to 2015 demonstrated a 17 percent increase in market value of intangible assets over this time period. Companies such as Stryker get 70 percent of its value from intangibles. Intangible assets are
Complete/Correct Question:
Intangible assets derived mostly from human capital are on the rise, according to the advisory firm Ocean Tomo. A study of the Standard and Poors' 500 index from 1975 to 2015 demonstrated a 17 percent increase in market value of intangible assets over this time period. Companies such as Stryker get 70 percent of its value from intangibles. Intangible assets are
A. equipment.
B. land.
C. money.
D. Non-physical.
Answer:
D, Non physical
Explanation:
Intangible assets are assets that that cannot be seen with the eyes. That is, intangible assets are assets that are not physical in nature. This means that it can't be seen or touched, etc.
Intangible assets usually comprise of goodwill, brands, patents, etc.
In the case of the question, back in time, say the 20th century, managers or officers usually placed their concentration on tangible assets such as land, equipment, etc. But as time went on, intangible assets like they are mentioned above, intangible assets began to be considered.
Cheers.
Investment bankers Group of answer choices act as intermediaries between issuers of stocks and investors and act as advisors to companies in helping them analyze their financial needs and find buyers for newly-issued securities. accept deposits from savers and lend them out to companies. act as intermediaries between issuers of stocks and investors. act as advisors to companies in helping them analyze their financial needs and find buyers for newly-issued securities.
Answer:
act as intermediaries between issuers of stocks and investors and act as advisors to companies in helping them analyze their financial needs and find buyers for newly-issued securities. act as intermediaries between issuers of stocks and investors. act as advisors to companies in helping them analyze their financial needs and find buyers for newly-issued securities.
Explanation:
The market capitalization rate on the stock of Aberdeen Wholesale Company is 14%. Its expected ROE is 15%, and its expected EPS is $6. If the firm's plowback ratio is 60%, its P/E ratio will be _________.
Answer:
8
Explanation:
Data provided in the question:
The market capitalization rate on the stock = 14%
Expected ROE = 15%
Expected EPS = $56
Firm's plowback ratio = 60%
Based on the above information
The computation of the P/E ratio is shown below
But before that, we need to do the following calculations
As we know that
Payout ratio = (1 - plowback ratio )
= (1 - 0.6 )
= 0.4
Now
Growth rate = ROE × Retention ratio
= 0.15 × 0.60
= 9%
And,
Dividend for next period i.e D1 is
= EPS × Payout ratio
= $6 × 0.4
= $2 .4
So,
Current price = D1 ÷ ( Market capitalization rate - Growth rate )
= $2.4 ÷ ( 0.14 - 0.09 )
= $48
And, finally
P/E ratio is
= (Current price) ÷ (EPS)
= $48 ÷ $6
= 8
Northwest Resources, Inc., and Midwest Commodities Corporation are exporting firms that join together to export a line of products. Northwest Resources and Midwest Commodities apply to Commerce Bank for a loan to fund their effort. Under federal law, Commerce and other U.S. banks are
Answer:
a. encouraged by credit guaranties to lend such funds
Explanation:
Under federal law, Commerce and other U.S. financial institutions such as bank are motivated by credit guaranties to lend funds to business firms such as Northwest Resources, Inc., and Midwest Commodities Corporation in other to ensure businesses do not collapse due to lack of funds and this in turn ensure money circulation and job creation and sustainability.
On the income statement, if beginning inventory is understated, then gross profit will be __________ and net income will be __________. overstated; overstated understated; understated overstated; understated understated; overstated
Answer:
Gross Profit will be overvalued.
Net Income will be Overvalued.
Explanation:
If beginning inventory is understated, the cost of sales will be also understated for that period. A lower / Understated Cost of Sales provides for an overstated Gross Profit and Overstated Profit.
A 50 year old customer receives an inheritance of $1,000,000 which he places with an investment adviser to invest with the objective of safety of principal and a moderate level of income. As of the end of the first year, the portfolio is worth $1,300,000. As of the end of the second year, the portfolio is worth $1,200,000. Ignoring compounding, the approximate annual return on investment is:
Answer: 10%
Explanation:
Given that :
Worth of investment = $1,000,000
Worth after 1 year = $1,300,000
Worth after 2 years = $1,200,000
From the above, investment recorded $300,000 increase after one year and $100,000 Depreciation at the end of the second year.
Therefore, Net increase:
$300,000 - $100,000 = $200,000 (after 2 years)
Therefore, average yearly/annual increase = $200,000 / 2 = $100,000
Therefore, the annual return on the investment is :
(Annual increase / investment worth) × 100%
(100,000 : 1,000,000) × 100%
0.1 × 100% = 10%
= 10%
A couple visits Orlando and has dinner at the A Land Remembered restaurant at Rosen Shingle Creek Resort. They spend $100 and leave a nice 20% tip for the waitperson. The waitperson gets the tip added to his/her weekly wage, which s/he uses to pay his/her rent, food, and transportation expenses. The restaurant owner uses part of the $100 to purchase supplies; pay utilities, insurance, and taxes; and covers part of his/her payroll. The food vendor pays his/her suppliers and employees, and on and on this goes. What is this process called
Answer:
Multiplier effect
Explanation:
Multiplier effect is an economic term for a phenomenon where increased spending results in increase in national spending and consumption that is greater than the initial amount spent.
It is when an increase in an economic factor causes an increase in many other economic variables.
In the given scenario the couple spend $100 and leave a nice 20% tip for the waitperson. The waitperson gets the tip added to his/her weekly wage, which s/he uses to pay his/her rent, food, and transportation expenses. The restaurant owner uses part of the $100 to purchase supplies; pay utilities, insurance, and taxes; and covers part of his/her payroll. The vendor also pays his suppliers.
This extended effect of the $100 spent on other economic variables is called the multiplier effect.
A portfolio manager generates a 10% rate of return on a "small cap" portfolio, compared to an 8% rate of return on the benchmark portfolio and a 6% rate of return on the Standard and Poor's 500 index over the same period. The active rate of return on the portfolio is:
Answer:
2%
Explanation:
Data provided in the question
Generated rate of return = 10%
The rate of return on the portfolio = 8%
The rate of return on the index = 6%
Based on the above information, the active rate of return is
= Generate rate of return - the rate of return on the portfolio
= 10% - 8%
= 2%
It shows the difference between the benchmarked portfolio and the generated rate of return and the same is applied
Among technology adopters, these customers serve as a gatekeeper to the rest of the technology life cycle and their endorsement is needed for an innovation to get a fair hearing in the organization. However, they do not have access to the resources needed to move an organization toward a large-scale commitment to the new technology. This describes:
Answer:
technology enthusiasts
Explanation:
A technology enthusiast is a person who just loves the technology and liked to play with the new gadgets
In the given situation, since it is mentioned that the customers treated as a gatekeeper for the remaining technology life cycle but at the same time they do not have access for the resources that are needed in the organization for large scale commitment to moving out the new technology
So this describes the technology enthusiasts
Icy Mocha Company estimates its factory overhead costs to be $35,000 and machine hours to be 5,000 for the year. If the actual hours worked on Jobs 333 and Jobs 334 total 4,980 and actual factory overhead costs are $34,700, what is the amount of either over- or underapplied factory overhead
Answer:
$160 overapplied
Explanation:
Icy Mocha company estimates it's factory overhead costs to be $35,000 and machine hours to be 5,000 for a period of one year.
The actual number of hours worked on job 333 and 334 equals a total of 4,980
The actual factory overhead costs are $34,700
The first step is to calculate the predetermined overhead rate
= Overhead costs/machine hours
= $35,000/5,000
= $7
The amount of either over or underapplied factory costs can be calculated as follows
= predetermined overhead rate×actual number of hours worked
= $7×4,980
= $34,860
The amount is then subtracted from the actual overhead costs
= $34,700-$34860
= -$160
= $160 overapplied
Hence the amount of overapplied factory overhead is $160
The publisher of Celebrity Living claims that the mean sales for personality magazines that feature people such as Megan Fox or Jennifer Lawrence are 1.5 million copies per week. A sample of 10 comparable titles shows a mean weekly sales last week of 1.3 million copies with a standard deviation of 0.9 million copies.
Answer and Explanation:
The computation is shown below:
For determining each part first we have to do the following calculations
Critical value of t = 3.250
Null hypothesis = 1.5
Alternative hypothesis ≠ 1.5
Population mean [tex]\mu[/tex] = 1.5
Sample mean [tex]\bar X[/tex]= 1.30
Sample size [tex]n[/tex] = 10.00
Sample standard deviation [tex]s[/tex] = 0.900
Standard error of mean is
[tex]s_x = \frac{s}{\sqrt{n} }[/tex]
[tex]= \frac{0.900}{\sqrt{10.00}}[/tex]
= 0.2846
Test static is
[tex]t = \frac{x - \mu}{s_x}[/tex]
[tex]= \frac{1.30 - 1.5}{0.2846}[/tex]
= -0.703
a. The null hypothesis is
μ = 1.5
Alternate Hypothesis is
μ ≠ 1.5
b. reject [tex]H_o[/tex] if t is not between
-3.250 and 3.250
c. The value of the test statistic is
t = -0.703
(as we have computed above)
d. fail to reject [tex]H_o[/tex] as this data does not contradict the publisher claim
What nonprofit organization distributes knowledge related to health care for the purpose of improving health to governmental agencies, the public, business, and health care professionals?
Options:
a. Institute for Safe Medication Practices.
b. Institute of Medicine.
c. National Committee for Quality Assurance.
d.The Joint Commission.
Answer:
b. Institute of Medicine.
Explanation:
Interestingly, according to information found on its website, the The Institute of Medicine (IOM) is an independent, nonprofit organization that provides advice to decision makers and the public, which includes distributes information related to health care for the purpose of improving health to governmental agencies, the public, business, and healthcare professionals.
how did industrialization and unionization lead to outsourcing
Answer:
Explanation:
unionization has lead to outsourcing due to the ingenouity of the mass coorporation dealeship that the american government has developed.
Which of the following investments has a higher present value, assuming the same (strictly positive) interest rate applies to both investments? Year Investment X Investment Y 1 $5,000 $11,000 2 $7,000 $9,000 3 $9,000 $7,000 4 $11,000 $5,000
Answer:
Investment Y has a greater present value
Explanation:
present value is the sum of disoucnted cashflows
i would choose an interest rate of 10% to calcuate the present values
for investment X
cash flow in year 1 = $5,000
cash flow in year 2 = $7,000
cash flow in year 3 = $9,000
cash flow in year 4 = $11,000
I = 10%
PV = $24,605.56
or investment Y
cash flow in year 1 = $11,000
cash flow in year 2 =$9,000
cash flow in year 3 = $7,000
cash flow in year 4 = $5,000
I = 10%
PV = $26,112.29
Investment Y has a greater present value
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Emil Company expects that its asset will be more useful during early years of its life than during later years. In addition, the company estimates that repair costs will increase over time. Which method(s) may help equalize total expenses recognized over the service life of this asset
Answer: sum of the years digits
double decling balance
Explanation:
Sum-of-the-years'-digits is a method that is used in calculating the depreciation of an asset's depreciation.
In this method, the expected life of the asset is taken and then added together
to each year's digit.
For example, if an asset was believed that it would last for four years, then it should be noted that the sum of the years' digits would then be gotten by adding: 4 + 3 + 2 + 1 = 10.
Conscious marketing: Group of answer choices is often grafted on to traditional business model, usually as a separate department or part of PR. is independent of corporate purpose or culture. sees limited overlap between the business and society, and between business and the planet. recognizes that business is a subset of society, and that society is a subset of the planet. reflects a mechanistic view of business.
Answer:
recognizes that business is a subset of society, and that society is a subset of the planet.
Explanation:
Conscious marketing recognizes that business is a subset of society, and that society is a subset of the planet.
This ultimately implies that, conscious marketing encourages or jeer various organizations to engage in social responsibilities such as ethical and social activities.
Basically, an organization that engage in conscious marketing is very much concerned with having a sustainable and long-term brand’s performance by being authentic, ethical, transparent, and honest with its customers, in order to create a win-win relationships for both parties. The conscious marketing involves the following stakeholders;
1. Employees.
2. Society.
3. Consumers.
4. Market place.
Since conscious marketing recognizes that business is a subset of society, and that society is a subset of the planet, it makes organization to have conscience in serving all their stakeholders rather than just focusing on making sales and profits.
Generally, when an organization engage in conscious marketing it helps them to improve their brand equity and thus, increasing their sales and profits.
Conscious marketing is recognizing that business is a subset of society, and that society is a subset of the planet. Thus, option (d) is correct.
By trying to involve customers more directly in the purchasing process and tailoring marketing and sales activities based on the fundamental values and objectives of the consumer base, conscious marketing varies from conventional marketing strategies.
It puts the needs of the client first and gives them the power to choose the products that are ideal for their lifestyle and well-being. Transparency, fair expectations, and a focus on a brand's social impact are all characteristics of conscious marketing.
As a result, the significance of the conscious marketing are the aforementioned. Therefore, option (d) is correct.
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Your question is incomplete, but most probably the full question was.
Conscious marketing:
A. is often grafted on to the traditional business model, usually as a separate department or part of PR.
B. is independent of corporate purpose or culture.
C. sees limited overlap between the business and society, and between business and the planet.
D. recognizes that business is a subset of society, and that society is a subset of the planet.
E. reflects a mechanistic view of business.
Marta's online store sells accessories for a widely used smartphone, and her current customer base shares a number of relevant characteristics. She believes she'll have her best return on investment by narrowing her Google Search campaign audience. Which two Google Search campaign settings can be configured to reach more specific customers? (Choose two.)
The available options are:
A. Web browser
B. Budget
C. Budget type
D. Location
E. Device type
Answer:
Device type
Location
Explanation:
Understanding that the campaign type on chooses determine where users see ads, therefore, it is imperative that one can customize plenty of features to make sure one engage the most meaningful audiences, wherever they are.
Hence, with Device Targeting: one can easily reach various customers on any device, including desktops, tablets, and smartphones.
While the configuration of Location and Language, helps the campaign’s ads to show the customers in particular locations, or show customers who’ve chosen one selected language as their browser’s language setting.
Therefore, Configuration of Location and Device type setting can help her specifically define her Google Search campaign audience. Such that, the setting can be set up to meet more specific customers to get best return on investment.
Marta will choose the device type and location settings that can be configured to reach more specific customers. Thus, option D and E are correct.
Given that the campaign type one selects determines where consumers see advertising, it is essential to be able to customise a wide range of elements to ensure that one engages the most relevant audiences, wherever they may be.
As a result, Device Targeting makes it simple to target a variety of clients on PCs, tablets, and smartphones. While the selection of Location and Language assists in showing the campaign's advertising to consumers in certain places or to customers who have picked a particular language as their browser's default language.
Therefore, she may more precisely identify the audience for her G..gle Search ad by configuring the Location and Device type settings. In order to maximise return on investment, the environment can be configured to cater to more particular clients.
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Your question seems to be incomplete, but most probably the complete question was:
Marta's online store sells accessories for a widely used smartphone, and her current customer base shares a number of relevant characteristics. She believes she'll have her best return on investment by narrowing her G..gle Search campaign audience. Which two G....e Search campaign settings can be configured to reach more specific customers?
A. Web browser
B. Budget
C. Budget type
D. Location
E. Device type
A salesperson obtains several listings by going door-to-door in a neighborhood and warning residents that property values will drop once members of minority groups begin moving into the neighborhood. This would be considered:
Answer:
Blockbusting
Explanation:
Blockbusting is defined as a practice where agents persuade owners to sell properties at a lower price by creating fears that people of another race or class will enter the area and property prices will drop.
The properties are sold afterwards for higher prices, therefore the agent makes profit.
This is a tactic used in the United States by real estate agents to convince white people sell property at a cheap price by creating fear of minorities entering the neighbourhood
Robin, the owner of a pizzeria, follows a standard sequence of steps to make pizzas. Once an order is received, her team members prepare the base, add the sauce, add the toppings, and then bake the pizza. The workstations in the kitchen are fixed in a sequence that facilitates this process. Given this scenario, it can be inferred that Robin's pizzeria uses a _____.
Answer: Product layout
Explanation: Layout design in a manufacturing sense refers to an adopted sequence or arrangement used for production process usually depending on the type, nature or other considerable factors attached to the production process.
In the scenario above, the layout design adopted by Robin's pizzeria is the product layout design as it involves a sequential arrangement of equipments required in the production process. The arrangement is made in order of production such that it allows for a repetitive operational flow without much hassle.
Given this scenario describe in he question, it can be inferred that Robin's pizzeria uses a Product layout
Product layout entails a product process where the equipment and machines are arranged according to the sequence of operations of the product
Here, the layout design adopted by Robin's pizzeria is the product layout design because it involves the sequential arrangement of equipment required in the production process.
This type of layout is beneficial because it allows for a repetitive operational flow without much hassle.
Therefore, the answer is known as Product layout.
Read more about Product layout:
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A purchase of a new issue of stock takes place Group of answer choices in the primary market. in the secondary and primary markets. in the secondary market. usually with the assistance of an investment banker. in the primary market and usually with the assistance of an investment banker.
Answer:
in the primary market and usually with the assistance of an investment banker.
Explanation:
Primary markets are ones where newly issues securities are sold. When companies seek to gain capital from investors, they issue securities that can be bought buy investors in exchange for capital.
Investment bankers are usually involved in the sale of securities in the primary markets. They obtain the securities on behalf of the investors.
Primary markets are also called new issues market
Carl, a partner at Bacrabs, an advertising agency, plans to open a branch of the agency in his hometown. He understands that the human resource (HR) requirements of the new branch would differ from that of its main office because of the differences in the nature and volume of work. Hence, he decides to examine what needs to be done in each position in the new branch according to the nature and volume of work. In the context of HR planning, which of the following concepts does this scenario best illustrate?
A. Internal recruitment
B. Management development
C. Employee selection
D. Job analysis
Answer:
D.
Explanation:
In Human Resource management, the term Job Analysis refers to process of analyzing and collecting the information of requirement and responsibility of a job. One of the duty of an HRM is to analyze the responsibilty that a job would require. It helps in identifying and studying the nature of a job and the right person to fill that position.
In Job analysis scenario, HRM is able to form what level of experience would a person need to have for the job, and necessary skills and knowledge that's required. HR in Job analysis is able to differ from the nature and volume of work.
So, the correct answer would be option D in the given scenario. It is because Carl is examining and analyzing the nature of new branch that would be different from its main office.
A health and fitness startup company goes for an initial public offering. For assistance, it enters into a firm commitment arrangement with an investment bank. As per the agreement, the investment bank itself will purchase all the shares at a specified price. This will guarantee that the company will receive a fixed amount of new funds. This scenario exemplifies a(n) _____.
Answer:
"Underwriting " is the correct answer.
Explanation:
Underwriting seems to be the mechanism whereby an entity or organization assumes an investment burden at a cost, is indeed the mechanism for a mortgage company to determine the danger of extending credit to customers.The above word stemmed from the custom of making increasing uncertainty-taker put their names below the total degree of responsibility individuals were inclined to acknowledge for something like a defined bonus.So that the above is the appropriate answer.
Q2. 90% of flights depart on time. 80% of flights arrive on time. 75% of flights depart on time and arrive on time. Are the events, departing on time and arriving on time, independent?
Answer:
Events departing on time and arriving on time are NOT independent.
Explanation:
If two events A and B are independent, then
P(A and B) = P(A) * P(B)
Here
A = flights depart on time
B = flights arrive on time
P(A) = 0.90
P(B) = 0.80
If A and B are independent, then
P(A and B) = P(A) * P(B) = 0.9 * 0.8 = 0.72
Since
the observed value of P(A and B) is 0.75,
assuming that there are no observation errors, we conclude that the two events A and B are not independent.
Mike and Molly really like their financial institution. They are part-owners of the institution and appreciate the great customer service every time they speak with a representative about their financial needs, especially in their share account. They also enjoy the membership that they have at their financial institution. What financial institution have they chosen
Answer: Credit Union
Explanation:
Mike and Molly are making use of a credit union type of financial institution.
A credit union type of financial institution makes use of money of joint members deposited to give loans to members within the same group. The money they credit to members within the group is the money that would have been profit to other group members. So, instead of taking their profit home individually, they are given out on loan to members within the group. The purpose of this credit loan type of financial institution is to encourage members to save and to easily access loans.
I am considering buying a new sports car like a Ford Mustang. Another sports car that would not likely compete head-to-head like the Audi R8, which is at a significantly higher price point, best represents which type of competition? radio_button_unchecked Brand competition radio_button_unchecked Industry competition radio_button_unchecked Generic competition radio_button_unchecked Form competition SUBMIT
Answer:
Brand Competition
Explanation:
Brand Competition arises when two or more different companies offer a similar product, under a different brand. The products are similar, but not fully substitutes: they can be distinguished in some way: quality, features, price, and so on.
In this case, what makes the Ford Mustang and the Audi R8 is the price. The Ford brand is significantly cheaper than the Audi brand, which might give Ford the upper hand in market share. However, this is not always the case because the Audi car could have the upper hand when it comes to quality, and obtain more marke share because of that.
The marginal physical product of labor is Group of answer choices the slope of the total output curve at the relevant point. the negative of the slope of the total output curve at the relevant point. the slope of the line connecting the origin with the relevant point on the total output curve. the negative of the slope of the line connecting the origin with the relevant point on the total output curve.
Answer:
The slope of the total output curve at the relevant point.
Explanation:
A marginal physical product can be defined as the extra output which is being generated by using an extra input. This ultimately implies that, marginal physical product of labor refers to the change in the level of output that is generated from using an additional unit of labor.
Mathematically, marginal physical product of labor is given by the formula;
Marginal physical product of labor = ΔY/ΔL
Where, ΔY is the change in total physical output.
ΔL is the change in labor.
In the short run, when the number of workers are increased it would result in a diminishing marginal product with respect to the law of diminishing marginal returns.
The marginal physical product of labor is the slope of the total output curve at the relevant point.
For instance, if brainly producing 50 answers decides to employ one more tutor and is then able to produce 55 answers, the marginal physical product of labor is simply 5.
In the classical model with fixed output, the supply and demand for goods and services are balanced by: Group of answer choices the interest rate. government spending. taxes. fiscal policy.
Answer:
The interest rate.
Explanation:
The classical model is the economic theory which was developed before the emergence of the Keynesian economic theory (John Maynard Keynes). The classical model of economics postulated that the economy is self regulating, prices for goods and wages are flexible, supply of goods and services gives rise to its own demand and that investment is equal to savings. Some of the classical economists are Adam Smith, David Ricardo, Jean-Baptiste Say, and Thomas Malthus.
In the classical model with fixed output, the supply and demand for goods and services are balanced by the interest rate. This simply means that, when the level of production or quantity of output is fixed, the supply and demand for goods and services are directly affected by the interest rate. Under the classical model with fixed output, the interest rate is flexible and as such it adjusts to the number of goods supplied and demanded by the consumers.