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Author Question: A profit-maximizing firm hires labor until a. the price of output equals the price of labor. b. ... (Read 57 times)

DyllonKazuo

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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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


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DyllonKazuo

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Reply #2 on: Jun 30, 2018
Thank you :)


akpaschal

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Reply #3 on: Jun 30, 2018
Happy to help you


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