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

Author Question: If a firm is minimizing the cost of producing its chosen level of output, the marginal product of ... (Read 85 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
on: Jun 30, 2018
If a firm is minimizing the cost of producing its chosen level of output, the marginal product of the last dollar spent on each input should be equal.
  Indicate whether the statement is true or false

Question 2

The opportunity cost of going to movies is the price of entry into the movies.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

debra928

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

T

Answer to Question 2

False


Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
Reply #2 on: Jun 30, 2018
Thank you


debra928

  • Sr. Member
  • ****
  • Posts: 342
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Impacts of rising sea level Impacts of rising sea level
Rising sea level threatens coastal communities around the world Rising sea level threatens coastal communities around the world
The level of emissions from transport in the United States is twice as high as the global average The level of emissions from transport in the United States is twice as high as the global average
U.S. Output and Productivity Growth, 1870–2007 U.S. Output and Productivity Growth, 1870–2007
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
Solow Model with Saving Dependent on Income Level Solow Model with Saving Dependent on Income Level
Video: Semidiscontinuous DNA replication

For a complete list of videos, visit our video library