Acompetitive firm sells its output for $50 per unit. assume that labor is the only input that varies for the firm. the marginal product of the 10th worker is 10 units of output per day; the marginal product of the 11th worker is 8 units of output per day. the firm pays its workers a wage of $160 per day. for the 10th worker, the value of the marginal product of labor is:
a. $400.
b. $1,280.
c. $500.
d. $250.

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

cranium, inc., purchases term papers from an overseas supplier under a continuous review system. the average demand for a popular mode is 300 units a day with a standard deviation of 30 units a day. it costs $60 to process each order and there is a five−day lead−time. the holding cost for a paper is $0.25 per year and the company policy is to maintain a 98% service level. cranium operates 200 days per year.what is the reorder point r to satisfy a 98% cycleminus−service level? a. greater than 1,700 unitsb. greater than 1,600 units but less than or equal to 1,700 unitsc. greater than 1,500 units but less than or equal to 1,600 unitsd. less than or equal to 1,500 units

All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.