Author Question: Refer to Table 13-4. Victoria's profit-maximizing output is where A) total profit equals 3. B) ... (Read 130 times)

fagboi

  • Hero Member
  • *****
  • Posts: 535
Refer to Table 13-4. Victoria's profit-maximizing output is where
 
  A) total profit equals 3.
  B) marginal revenue and marginal cost both equal 4.
  C) marginal cost is at its minimum value.
  D) marginal revenue and marginal cost both equal 3.

Question 2

Diminishing marginal product of labor occurs when adding another unit of labor
 
  A) increases output by an amount larger than the output added by the previous unit of labor.
  B) decreases output by an amount smaller than the output added by the previous unit of labor.
  C) changes output by an amount smaller than the output added by the previous unit of labor.
  D) decreases output.


blfontai

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

For a complete list of videos, visit our video library