How is the demand for labor derived from the value of marginal product of labor? choose the correct statement. a. the quantity of labor demanded by a firm is the quantity at which the value of marginal product of labor equals the wage rate. b. the wage rate at each quantity of labor demanded is equal to the value of marginal product of labor multiplied by the price of a unit of production. c. the demand for labor is unrelated to the value of marginal product of labor. d. the demand for labor is the same as the value of marginal product of labor above the reservation wage rate.

Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 80,000 100% variable expenses 32,000 40% contribution margin 48,000 60% fixed expenses 38,000 net operating income $ 10,000 required: 1. compute the company’s degree of operating leverage. (round your answer to 1 decimal place.) 2. using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. (do not round intermediate calculations.) 3. construct a new contribution format income statement for the company assuming a 5% increase in sales.

What role do business cycles play in a market economy

Norbert and suzie are both lineworkers for a utility company who have been working together for almost two years. norbert frequently tells suzie that the job is called "lineman" and not "linewoman," and thus, it is not a woman's job. he plays practical jokes on her such as hiding some of her tools and sabotaging her truck. he asks her when she plans on getting pregnant and staying at home to take care of her children and gives her copies of " wanted" ads for secretarial and waitress jobs. such behavior has kept suzie disturbed at work. if suzie complains about norbert's conduct: