Business, 13.07.2020 19:01 nano792001
When labor productivity increases over time, generally A) it is due to increases in the number of workers b) so do average wages C) it results in higher prices for goods and services .
Answers: 3
, where 
is the marginal productivity of labour and 
is the marginal product of capital,
is the price of labour (or wages) and 
is the price of capital. Then, because the price of labour is proportional to its productivity, if labour productivity rises, the price of labour will increase.
Other questions on the subject: Business
Business, 21.06.2019 19:50, Pookaapoo8832
Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.
Answers: 2
Business, 22.06.2019 02:40, TerronRice
Which critical success factor improves with reduced cycle time, better quality standards, and improved efficiency when an is is implemented?
Answers: 3
Business, 22.06.2019 19:30, kenz2797
Nextdoor is an instant messaging application for smartphones. new smartphone users find it easier to connect with friends and relatives through this mobile app when compared to other similar instant messaging applications. hence, it has the largest user base in the industry. thus, nextdoor app's value has increased primarily due to itsa. learning curve effects. b. economies of scale. c. economies of scope. d. network effects.
Answers: 2
Business, 22.06.2019 20:20, dd123984
Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.
Answers: 2
You know the right answer?
When labor productivity increases over time, generally A) it is due to increases in the number of wo...
Questions in other subjects:
Chemistry, 29.03.2021 22:10
Mathematics, 29.03.2021 22:10
Mathematics, 29.03.2021 22:10
Biology, 29.03.2021 22:10
History, 29.03.2021 22:10
