Log In Sign Up Subjects Business Economics Marginalism How do you calculate marginal product and marginal cost of a product?Question:How do you calculate marginal product and marginal cost of a product?Marginalism in Economics:Marginalism is a concept that states that individuals mak...
Business owners frequently use MRP analysis to make critical production decisions. For example, a farmer wants to know whether to purchase another specialized tractor to seed and harvest wheat. If the extra tractor can eventually produce 3,000 additional bushels of wheat (the MPP), and each addit...
Explain the five steps involved in how the consumer price index (CPI) is constructed. Identify the three problems inherent in measuring changes in the cost of living, and from your experience as a consumer, provide a specific real-world example of one of Explain how to calculate the MRP. ...
How the US will trigger the bursting of the bubble economyAndy Xie says the failure of central banks to focus on asset inflation has led to rising inequality on the back of mistaken stimuli. More than interest rates, it will be political tensions in the West that will burst the bubble...
Both sides need to do their homework here. You need to know well in advance what sort of return you'll expect having this person in your office. This gets extremely tricky to calculate in some industries but the short version is what revenue does this person generate, what expenses ...
labor. As long as each worker performs a single operation and the sequence of operations is predetermined, coordinating them is an easy job. Just measure the time spent for each operation and calculate the conveyor speed and headcount for the given productivity. This is how the scientific process...
[24], was used to calculate sustainability scores for the clean technologies: ( )= I () V(ct) = ∑ wswiu(ct) where: V(ct) = global value function or total sustaii=na1bility score for a clean technology ct; = weight where: Vooff(cicmtr)ipt=eorrigtoalnoncbiea(olwfvimtahlauieneco...