III. A company offers ID theft protection using leads obtained by several banks. Four employees of the theft protection company work 7 hours a day on the leads, and are paid $30 per hour. Each employee is given a list of one-third of the entire list of names and is asked to identify the most promising 2000 actual leads. Past experience shows that 6% of potential leads will sign up for the company’s theft protection services, and will pay $12 per week for the service. Calculate labor productivity for the company using a five-day workweek in which fees generated is the measure of output and payments to labor are used as the measure of input.

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What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm