A. What is the law of diminishing marginal productivity? Give an example from your workplace/household of the law of diminishing marginal productivity?.
a) Explain why is the demand of labor a derived demand?
b) Determine what is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income?
–nex–
Explain, from a marketing perspective, why you would expect gross margin percentage, expenses-to-sales ratio, net profit margin, inventory turnover, and asset turnover to be different for a grocery store chain versus a department store chain.
