The marginal revenue product of labor is a) the additional revenue a firm earns by employing one additional unit of labor. b) the additional profit a firm earns by employing one additional unit of labor. c) the marginal product of capital times the price of labor. d) the additional revenue the firm makes by selling one unit of labor.
Answers: 1
Business, 22.06.2019 05:00, MaxxL
One question from a survey was "how many credit cards do you currently have? " the results of the survey are provided. complete parts (a) through (g) below. click the icon to view the survey results. (a) determine the mean number of credit cards based on the raw data. the mean is 3.113.11 credit cards. (type an integer or a decimal. do not round.) (b) determine the standard deviation number of credit cards based on the raw data. the standard deviation is 1.9111.911 credit cards. (round to three decimal places as needed.) (c) determine a probability distribution for the random variable, x, the number of credit cards issued to an individual. x (# of cards) p(x) x (# of cards) p(x) 1 0.280.28 6 nothing 2 nothing 7 nothing 3 nothing 8 nothing 4 nothing 9 nothing 5 nothing 10 nothing (type integers or decimals. do not round.)
Answers: 2
The marginal revenue product of labor is a) the additional revenue a firm earns by employing one add...
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