Economics CPD Courses Coming up this Term!- Book Your Places Now!
Every year Forbes business magazine publishes a list of the most overpaid actors in Hollywood, based on their earnings and the earnings made by the films they appeared in that year. This is useful for thinking about Marginal Revenue Product of Labour - basically are they worth it? When they do bring in more revenue that they are paid their MRPL is obviously positive so they should be employed, but comparative data like this allows for a quantitative comparison to be made. Obviously our own opinions of their films affect our decisions to watch them or not.
In Accounting terms, the calculation is basically the same as Return on Capital Employed (ROCE), so this is useful for investment decisions.
FOR MORE REVISION SUPPORT FROM THE TUTOR2U TEAM...
Use the following class codes to join our Zondle revision classes:
Economics: AS Micro 290-66327 AS Macro 290-66328 A2 Micro 290-66329 A2 Macro 290-66330
AQA AS/A2 Business: BUSS1 290-66325 BUSS2 290-66326 BUSS3 290-66323 BUSS4 290-66322
Economics CPD Courses in June 2014 - Book Your Places Now!
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