« previous next »

Author Question: A firm in a competitive labor market will hire labor until the value of marginal product of labor ... (Read 60 times)

bclement10

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
A firm in a competitive labor market will hire labor until the value of marginal product of labor equals the
 
  A) firm's marginal revenue.
  B) firm's marginal cost.
  C) firm's average cost.
  D) wage rate.

Question 2

A group of firms that has entered into a collusive agreement to restrict output and increase prices and profits is called
 
  A) a compliance.
  B) a cartel.
  C) an oligopoly.
  D) a duopoly.


Sarahjh

  • Sr. Member
  • ****
  • Posts: 370
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

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?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
Effect of Shifting Labor into R&D Effect of Shifting Labor into R&D
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
The Stages of Labor and Birth in a Vaginal Delivery The Stages of Labor and Birth in a Vaginal Delivery
The phenotype of an organism is the product of interactions The phenotype of an organism is the product of interactions
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library