Tomas4272 Tomas4272
  • 11-08-2018
  • Business
contestada

Explain how firms decide how much labor to hire to produce a certain level of output

Respuesta :

ariston ariston
  • 21-08-2018

The firms focus on improving marginal returns. Apart from this, they focus on specialization which increases the output. The amount of labor the firm plans to hire depends on the level of output it requires. The firm keeps adding new workers until output reaches its crest or peak.

Answer Link

Otras preguntas

A special form of loose connective tissue that pads and insulates the body and stores fuel reserves is known as (A) epithelial tissue. (B) adipose tissue. (C) f
Cellular respiration involves a series of chemical reactions. Which of the following is a primary way that enzymes affect these reactions? A. They decrease the
Why didn't the first stars to form have solar systems with Earth like planets and satellites?
what percent of 126 is 22?
If (x − 2)^2=49, then x could be ?
a rectangular field with a area of 8000m2 is enclosed by 400m of fencing. determine dimensions to nearest tenth of a metre
Why might nations join together to remove trade barriers?
rewrite the expression without using a negative exponent 6m^-2
Which statement best describes a capsid? a. A capsid defines the shape of the virus. b. A capsid is the outside coat of the virus. c. A capsid is a protein coat
use the function rule, y= 2x+5, to find the values of y when x =1,2,3,4. write the answers as ordered pairs that would be used to graph the function. show your