Business, 20.09.2020 03:01 cakecake15
6. Explain the process if we continue to hire workers our total product produced will always increase
but at some point our marginal product produced begins to decrease? Think about the
illustration we used in class of hiring workers to make jeans and remember when we hired the
7th worker total product increased but marginal product decreased. Provide two possibilities as
to why this might have happened and explain your thoughts. Think like a owner.
(10 Points)
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Answers: 2
Business, 21.06.2019 15:30
Kayla and jada are roommates in new york city. both kayla and jada recently received pay raises. kayla now buys more movie tickets than before, but jada buys fewer. kayla behaves as if movie tickets are goods and jada's income elasticity of demand for movie tickets is
Answers: 2
Business, 21.06.2019 20:30
As a group is leaving, you ask them if they had a good experience at the restaurant. they mention that they had poor service and their food was cold. a.apologize and ask them to give the restaurant another chance in the future. you tell them that guests usually have a great experience here. b.apologize then ask for the server’s name and immediately notify the manager after they leave. c.apologize for the bad experience and ask them to wait as you call the manager to talk to them. d.apologize for the bad experience and encourage them to complete the customer service survey. this feedback will ensure other guests do not have the same experience.
Answers: 2
Business, 21.06.2019 20:50
Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.
Answers: 3
6. Explain the process if we continue to hire workers our total product produced will always increas...
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