This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume that a firm is operating in the short run and all resources are fixed except for labor. The ... (Read 52 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
on: Jun 30, 2018
Assume that a firm is operating in the short run and all resources are fixed except for labor. The total product curve for this firm will increase at a decreasing rate because:
 a. value of marginal product of labor is unchanged as more labor is hired.
  b. marginal product of labor will decline as more labor is hired.
  c. value of marginal product of labor will increase as more labor is hired.
  d. marginal product of labor is unchanged as more labor is hired.

Question 2

Network effects result from
 A) entry barriers.
  B) economies of scale.
  C) standardization.
  D) none of these choices.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gabrielle_lawrence

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


formula1

  • Member
  • Posts: 666
Reply 2 on: Jun 30, 2018
Wow, this really help

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
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?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Your heart beats over 36 million times a year.

Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
An accessory belt tensioner. Most tensioners have a mark that indicates normal operating location. ... An accessory belt tensioner. Most tensioners have a mark that indicates normal operating location. ...
Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory
Energy Resources range from inexhaustible to nonrenewable Energy Resources range from inexhaustible to nonrenewable
Efficient Allocation of Labor between Sectors Efficient Allocation of Labor between Sectors
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Video: Segmentation and migrating motility complexes & Gastroileal reflex

For a complete list of videos, visit our video library