Question

The marginal product of labor measures how output changes as the wage rate changes. Is less than the average product of labor when the average product of labor is decreasing. Is negative when adding another unit of labor decreases output. Both a and b both b and c

Answer 1

Typically, the responsibilities of business managers involve overseeing operations, reviewing contracts and helping employees reach their top productivity levels. A business manager may also be called upon to supervise or train new employees. He or she may also need to assist with planning certain events for a company. A business manager plays an important role in the operation of a company, and it is essential that he or she can deal with heavy loads of stress.