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Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 workers the firm produces 90 units of output. Fixed costs of production are $6 and the variable cost per unit of labor is $10. The marginal product of the seventh unit of labor is 4. Given this information, what is the marginal cost of production when the firm hires the 7th worker? (Please show the process of getting the answer)
a. $10
b. $1.50
c. $2.50
d. $5
Identify the business problems that TopBike has. Determine the analysis technique for this project and explain why. Determine the methodology for this project and explain why
Strategic Information Systems (SIS) module entails one assignment. This has been designed to achieve the learning outcomes of the module and to develop the subject understanding of the student.
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Suppose that the average number of claims filed per month per employee is currently five (5). ABC Health has indicated that the $30 per claim filed is negotiable.
Compare and contrast the current era of globalisation with the first age of globalisation (1850s-1920s). What are the advantages and disadvantages of globalisation in its current context?
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