« previous next »

Author Question: A profit-maximizing firm will pay a worker: A) the value of the worker's marginal product. B) ... (Read 176 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
A profit-maximizing firm will pay a worker:
 
  A) the value of the worker's marginal product.
  B) the revenue that it earns by selling one unit of the product.
  C) less than the value of the worker's marginal product.
  D) more than the value of the average revenue of the firm.

Question 2

Which factor of production does human capital enhance?
  i. land
  ii. labor
  iii. capital
 
  A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


kilada

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

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

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?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ... Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ...
Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ... Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ...
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Predicted versus Actual GDP per Worker Predicted versus Actual GDP per Worker
Use the product rule to find derivative Use the product rule to find derivative
The functional role of pRB. The pRB protein product of RB1 The functional role of pRB. The pRB protein product of RB1
Video: Role of complement proteins

For a complete list of videos, visit our video library