This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the total cost incurred in hiring ten workers by a firm is 45, and the total cost incurred when ... (Read 127 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jun 30, 2018
If the total cost incurred in hiring ten workers by a firm is 45, and the total cost incurred when the eleventh worker is hired is 60, the marginal cost of hiring the eleventh worker is:
 
  A) 20. B) 15. C) 105. D) 1.33.

Question 2

What are the different things that are not accounted for in the calculation of the GDP of a country?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

FergA

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

The first major drawback of GDP is the omission of depreciation. The second major drawback is the omission of home production. Another drawback is that black market transactions are not included in the GDP. Externalities and the value of leisure are also omitted from the calculation of GDP.


Hungry!

  • Member
  • Posts: 1,071
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
The Geometry of a Total Solar Eclipse The Geometry of a Total Solar Eclipse
Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010 Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010
Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her
Video: Atrophy

For a complete list of videos, visit our video library