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

Author Question: The quantity of labor demanded by the firm is such that the A) wage rate equals the marginal ... (Read 94 times)

K@

  • Hero Member
  • *****
  • Posts: 608
on: Jun 29, 2018
The quantity of labor demanded by the firm is such that the
 
  A) wage rate equals the marginal cost.
  B) wage rate equals the value of marginal product of labor.
  C) wage rate equals the marginal product of labor.
  D) marginal revenue equals the marginal product.

Question 2

Small pizza parlors exist in just about every town. Anyone can open a pizza parlor, and the pizzas from one parlor typically have different tastes and sizes than pizzas from another parlor. Thus, the pizza industry is an example of
 
  A) perfect competition.
  B) monopoly.
  C) oligopoly.
  D) monopolistic competition.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zenzy

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


K@

  • Member
  • Posts: 608
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Primary production is positively correlated with the evapotranspiration rate. Primary production is positively correlated with the evapotranspiration rate.
In 2010 protesters in Washington, D.C., demanded that the Obama administration support liberalized i In 2010 protesters in Washington, D.C., demanded that the Obama administration support liberalized i
Testing Infant’s Understanding of Quantity Testing Infant’s Understanding of Quantity
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10 The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10
Video: Epidural Hematoma

For a complete list of videos, visit our video library