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

Author Question: The marginal product of labor is defined as A) the change in output that a firm produces as a ... (Read 83 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
The marginal product of labor is defined as
 
  A) the change in output that a firm produces as a result of hiring one more worker.
  B) the additional labor cost of producing one more unit of output.
  C) the change in total revenue that results when an additional unit of a labor is hired.
  D) the additional labor required to produce one more unit of output.

Question 2

Refer to Table 12-2. What is Margie's total revenue if she sells 250 pounds of apples?
 
  A) 250
  B) 500
  C) 750
  D) There is not enough information in the table to determine Margie's total revenue.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lcapri7

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


EY67

  • Member
  • Posts: 531
Reply 2 on: Jun 29, 2018
Wow, this really help

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

An analogy for how cardiac output, resistance, and blood pressure are related. An analogy for how cardiac output, resistance, and blood pressure are related.
The output on this alternator is printed on a label. The output on this alternator is printed on a label.
Ancient Climate Change: Following the Cretaceous Ancient Climate Change: Following the Cretaceous
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Find derivative using product rule Find derivative using product rule
One generation of random mating produces Hardy–Weinberg equilibrium One generation of random mating produces Hardy–Weinberg equilibrium
Video: Exercise and cardiac output & Definition of stroke volume

For a complete list of videos, visit our video library