« previous next »

Author Question: A profit-maximizing firm hires labor until a. the price of output equals the price of labor. b. ... (Read 148 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jun 30, 2018
A profit-maximizing firm hires labor until
 
  a. the price of output equals the price of labor.
  b. the price of output equals the marginal product of labor
  c. the real wage equals the marginal product of labor.
  d. the real wage equals the marginal product of labor multiplied by the price of output.

Question 2

One of the most responsive components of investment to changes in interest rates are
 
  a. equipment.
  b. inventories.
  c. automobile purchases.
  d. residential housing.
  e. none of the above.


akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Jun 30, 2018
Thank you :)


akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
Indentured Labor from Asia Indentured Labor from Asia
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Overallocation of Labor to Sector 1 Overallocation of Labor to Sector 1
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Oxygen transport: association and dissociation & Factors that affect hemoglobin's saturation with O2

For a complete list of videos, visit our video library