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 89 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
:D TYSM

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
The effective temperature, or black body temperature, of the Sun (5777 K) is the temperature a black The effective temperature, or black body temperature, of the Sun (5777 K) is the temperature a black
Increasing Separation of Masters and Workers Increasing Separation of Masters and Workers
The Increasing Cost of Health Care, 1960–2010 The Increasing Cost of Health Care, 1960–2010
Canada Total Energy Consumption by Fuel Type Canada Total Energy Consumption by Fuel Type
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Video: Digestive chemicals - water, gastric acid, bile & bicarbonate

For a complete list of videos, visit our video library