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

Holly decided to share 1/2 of her share of the pizza with Deb. How much did each of them actually?
Why are chloroplasts absent in epidermal cells ?
Which choice is equivalent to the expression below? 5x sqrt 2 - 2 sqrt 2 + 2x sqrt 2 A. 7x sqrt 2 - 2 sqrt 2 B. 2x^2 sqrt 2 C. 3x sqrt 2 D. 7x^2 sqrt 2
what is the GCF of 12x and 44xy
Is velocity related to momentum
Lim[(sqrt(cos(2x))-cubicrootof(cos(x))]/arctg(x^2) when x->0
If a 35 ft rope is cut into two sections with one section 6 times as long as the other section, how long is the shorter piece?
Lim[(sqrt(cos(2x))-cubicrootof(cos(x))]/arctg(x^2) when x->0
Helen Grey By Christina Georgina Rossetti Because one loves you, Helen Grey, Is that a reason you should pout, And like a March wind veer about, And frown, and
Choose the right variant 1 This book will take to years to write. A. After two years I'll write this book B. In two years time I'll have written this book C . A