This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: For a competitive firm, workers' marginal revenue product equals the marginal product of labor times ... (Read 80 times)

dalyningkenk

  • Hero Member
  • *****
  • Posts: 598
on: Jun 30, 2018
For a competitive firm, workers' marginal revenue product equals the marginal product of labor times the:
 a. wage rate.
  b. price of the firm's product.
  c. interest rate.
  d. firm's total revenue.

Question 2

Economies of scale imply that within some range one can increase the size of operation and:
 a. total cost will decrease.
  b. fixed cost will decrease.
  c. average total cost will decrease.
  d. average total cost will increase.
  e. average variable cost will decrease.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ilianabrrr

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


dalyningkenk

  • Member
  • Posts: 598
Reply 2 on: Jun 30, 2018
Excellent

amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Firm handshake Firm handshake
Labor Labor
To find the derivative use product rule To find the derivative use product rule
The phenotype of an organism is the product of interactions The phenotype of an organism is the product of interactions
Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ... Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ...
Video: Electrical changes in the heart

For a complete list of videos, visit our video library