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

Author Question: Explain two different ways to determine the profit-maximizing level of output for a firm in a ... (Read 153 times)

fox

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
Explain two different ways to determine the profit-maximizing level of output for a firm in a perfectly competitive market.
 
  What will be an ideal response?

Question 2

After Suzie, owner of Suzie's Sweet Shop, hires her 8th worker the average product of labor declines. Which of the following statements must be true?
 
  A) The average product of labor is negative.
  B) The marginal product of the 8th worker is negative.
  C) The marginal product of the 8th worker is less than the average product of labor before the 8th worker was hired.
  D) Suzie's profits would be greater if she did not hire the 8th worker.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 42% of students answer this correctly


fox

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 29, 2018
Correct answers!


ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Stand in a doorway and hook your fingertips on both sides about chest level or lower. Stand in a doorway and hook your fingertips on both sides about chest level or lower.
People using walkers typically have a high level of mobility impairment. People using walkers typically have a high level of mobility impairment.
Superficial lymph drainage pathways or watersheds determine the direction of lymphatic facilitation ... Superficial lymph drainage pathways or watersheds determine the direction of lymphatic facilitation ...
How to determine if a table of values represents a function How to determine if a table of values represents a function
Use Fleury’s algorithm to determine Euler Circuit in the following graph. Exhibit exactly one ... Use Fleury’s algorithm to determine Euler Circuit in the following graph. Exhibit exactly one ...
How can you determine if the glucose-aversion trait in cockroach? How can you determine if the glucose-aversion trait in cockroach?
Video: Angiotensin II - kidneys, adrenal glands and dehydration

For a complete list of videos, visit our video library