The marginal product of an employee is the Multiple choice question. increase in the explicit cost when another unit of product is sold. change in the cost that is realized when another unit of product is sold. increase in the units of a product that can be produced by hiring an another employee. change in the revenue that is received when another unit of product is sold

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Carlton industries is considering a new project that they plan to price at $74.00 per unit. the variable costs are estimated at $39.22 per unit and total fixed costs are estimated at $12,085. the initial investment required is $8,000 and the project has an estimated life of 4 years. the firm requires a return of 8 percent. ignore the effect of taxes. what is the degree of operating leverage at the financial break-even level of output?

Mikkelson corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. then an increase in investor risk aversion caused the market risk premium to rise by 2%. the risk-free rate and the firm's beta remain unchanged. what is the company's new required rate of return? (hint: first calculate the beta, then find the required return.) do not round your intermediate calculations.