(a) The point at which the marginal return of labor begins to diminish is to be determined. Concept Introduction: Diminishing Marginal Return: Is defined as the decrease in the marginal output of a production process with an increase in the amount of a single factor of production, while all other factors of production are kept as constant.

Question

• 3 different people working at any companies under the BPO industry in the Philippines. • What are the 3 different Vision, Mission, Duties and Responsibilities and Career Path of these people in their companies under the BPO industry?

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Chapter 7, Problem 3.8P

To determine

To determine:

(a)

The point at which the marginal return of labor begins to diminish is to be determined.

Concept Introduction:

Diminishing Marginal Return:

Is defined as the decrease in the marginal output of a production process with an increase in the amount of a single factor of production, while all other factors of production are kept as constant.

To determine

(b)

To determine:

The average variable cost when the quantity is 24 units is to be determined.

To determine

(c)

To determine:

The firm’s fixed cost is to be determined.

To determine

(d)

To determine:

The wage rate per day is to be determined.

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• 3 different people working at any companies under the BPO industry in the Philippines. • What are the 3 different Vision, Mission, Duties and Responsibilities and Career Path of these people in their companies under the BPO industry?

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