« previous next »

Author Question: A profit-maximizing firm hires labor until a. the price of output equals the price of labor. b. ... (Read 119 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?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

The stages of labor and delivery. (A) During the dilation stage the cervix thins and dilates to 10 c The stages of labor and delivery. (A) During the dilation stage the cervix thins and dilates to 10 c
Proportion of Women and Men in the U.S. Labor Force Proportion of Women and Men in the U.S. Labor Force
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 ...
Profit-maximizing Chart Profit-maximizing Chart
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
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Muscular Dystrophy

For a complete list of videos, visit our video library