Marginal product is above the average product of labor

Assignment Help Business Economics
Reference no: EM13837845

Explain in words why an employer would never want to stop increasing the quantity of labor employed when the marginal product is above the average product of labor.

Reference no: EM13837845

Questions Cloud

Marginal tax rate on the federal personal income tax : Suppose a candidate who runs on a platform of soak the rich wins the 2012 presidential election. After being elected, he or she persuades Congress to raise the top marginal tax rate on the federal personal income tax to 65%.
Suppose that the economy improves and the crime rate : Suppose that the economy improves and the crime rate in West Philadelphia drops, so that the marginal product and average product of a group of 100 police officers is now 55 arrests per hour for any number of police officers. What is the optimal allo..
Describe the significant factors underlying the issue : Describe the significant factors underlying the issue, Explain and show why they are important to understanding the issue, Refer to research you have done to support your reasoning.
Contemporary issue regarding abnormal psychology : For this discussion, you will enter into another conversation on an ongoing controversy and contemporary issue regarding abnormal psychology. Specifically, are there psychological syndromes and symptoms that appear only in certain cultures
Marginal product is above the average product of labor : Explain in words why an employer would never want to stop increasing the quantity of labor employed when the marginal product is above the average product of labor.
What is the area of the square : What is the area of the square
Explain the soft systems model for change : Explain the Soft Systems Model for Change and when you would use it as a leader. What concept or element of change management do you think you will remember and use in your future business career?
Describe the data collection process for each study : Describe the data collection process for each study. What methods were used to collect the data? Surveys? Observations? Interviews? Be specific and discuss the instruments or measures fully-what do they measure? How is the test designed
Instead of partnering with local company in a joint venture : Instead of partnering with a local company in a joint venture, P&G is building its own distribution network. What type of entry strategy is this, and are there any other entry strategies that would be appropriate for P&G to use in this situation?

Reviews

Write a Review

Business Economics Questions & Answers

  What determines it what is elastic and inelastic demand

You just opened a flower shop and are trying to understand pricing issues. You were told that elasticities are very important in determining prices and what products to supply, so you decide to investigate this concept.

  Types of consumers can price-discriminate perfectly

Firms that can identify two types of consumers can price-discriminate perfectly. Firms can price-discriminate only if there is zero competition in the market. Firms that price-discriminate will not reach higher profits.

  Which position is more persuasive

Do Bill Easterly and Jeff Sachs agree or disagree over the impact of imperialism and colonialism in the past on the situation in poor countries today? Be sure to explain both positions. Which position is more persuasive? Why? Explain.

  Q1 explain how immigration between two countries could be

q1. explain how immigration between two countries could be an equalizer of wages and economical for both sending and

  Propose to model his tastes in what following way

propose to model his tastes in the following way: For any 2 bundles A and B of "grams of cocaine" and "dollars of other consumption.

  Psychological feelings of the consumers

Convert this into a truth table. All the brand values are related to psychological feelings of the consumers. If the seller is able to maintain good brand value in the minds of the consumers, they will definitely lead the market.

  What can the individual do to alleviate this crisis

Given the current state of energy use, which continues to grow exponentially in such countries as China and India, what measures can the United States and other Western countries take to produce more fuel-efficient and environmentally friendly fuels?..

  The owner of exhaustible resource-current extraction rate

The owner of an exhaustible resource should ________ current extraction rate if the expected price increase of the resource is ________ the interest rate.

  Illustrate what is fast food elasticity of demand

Illustrate what is Fast Food's elasticity of demand. What does elastic, inelastic, or neither tell us about the elasticity of demand.

  Instruments of fiscal policy except

All of the following are instruments of fiscal policy except

  Possible beneficial externalities from college education

Based on the possible beneficial externalities from college education dispute for whether or not a case exists for public funding of college education.

  Identify success factors in mergers and acquisitions

Explain and discuss financing options for financing mergers and acquisitions. Identify success factors in mergers and acquisitions

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd