« previous next »

Author Question: The value of marginal product of labor is the change in A) profit from hiring one more worker. ... (Read 54 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
on: Jun 29, 2018
The value of marginal product of labor is the change in
 
  A) profit from hiring one more worker.
  B) output from hiring one more worker.
  C) total revenue from hiring one more worker.
  D) profit from producing one more unit of output.

Question 2

In the above figure, suppose that the government sets a limit that may be produced of 10 units of output and the price rises to 4. The total deadweight loss would be
 
  A) 0.
  B) 10.
  C) 15.
  D) 20.


welcom1000

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ
Distance from Initial Change in Membrane Potential vs. Voltage Change Relative to Initial Change Distance from Initial Change in Membrane Potential vs. Voltage Change Relative to Initial Change
Ogburn's Processes of Social Change Ogburn's Processes of Social Change
North Korea: Labor Issues North Korea: Labor Issues
Climate change is an important vector for human diseases Climate change is an important vector for human diseases
A Change of Heart A Change of Heart
Video: Acid-base imbalances - compensation of respiratory acidosis and alkalosis

For a complete list of videos, visit our video library