Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Management Studies


Home >> Business Management

In the short run, labor is the only variable factor used by a firm. The manager of the firm has estimated that the marginal product of labor is given by MPL = B/ (L+a)0.5 (that is, the denominator of MPL is the square root of L+a), where B and a are positive numbers. The hourly wage is w no matter how many units of L are used, and each unit of output can be sold in a competitive market at a market price P. If the firm uses an optimal amount of labor, then an increase in P

A) Decreases the optimal (profit-maximizing) amount of labor used.

B) Increases the wage the firm has to pay to the workers.

C) Increases the optimal (profit-maximizing) amount of labor used.

D) Has no effect on the optimal (profit-maximizing) amount of labor used

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92865964
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Business Management

The freemont automobile factory has discovered that the

The Freemont Automobile Factory has discovered that the longer a worker has been on the job, the more parts the worker can produce. I need help finding an application that computes and displays a worker's anticipated out ...

Digistar inc is a large corporation that produces a wide

Digistar, Inc., is a large corporation that produces a wide variety of products and services. As a result, it is a tall organization with a product structure. Employees are only expected to report to a single boss. Even ...

With emerging issues on the 15 an hour minimum wage what

With emerging issues on the 15 an hour minimum wage, what are the best recommendations to alternatives? Explain why.

What is an example of a company suffering a loss as a

What is an example of a company suffering a loss as a result of an Internet-related physical risk. Describe what happened

What resources are you most likely to use for research in a

What resources are you most likely to use for research in a workplace? Discuss secondary resources, and primary resources including observation and surveys. What is a credible resource?

Organizational structuring when structuring the

Organizational Structuring When structuring the organization for market responsiveness, leaders have four general issues to consider. These issues.

Distinguish between zero profits and a price-cost margin

Distinguish between zero profits and a price-cost margin that equals zero.

Very important assignmentthe alternative corporate growth

Very Important assignment The "Alternative Corporate Growth Strategies" grid, which I originally learned as the "Product Market Growth Matrix," is an excellent tool to learn. When companies experience a drop in sales in ...

Motivation to complete tasks in the workplace can be varied

" Motivation to complete tasks in the workplace can be varied and fluid on most occasions. Employers can assist in providing good extrinsic motivating factors ensuring stability and perceived comfort within the workplace ...

Given a string s of length n design an algorithm that

Given a string s of length n, design an algorithm that outputs the smallest number k such that s = w1w2 . . . wk where each wi is a palindrome. In other words, find the smallest k such that s can be written as a concaten ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved