This topic contains a solution. Click here to go to the answer

Author Question: If a toy store overestimates the demand for a toy in 2004 and, as a result, has an unexpectedly ... (Read 48 times)

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
If a toy store overestimates the demand for a toy in 2004 and, as a result, has an unexpectedly large number of toys in stock at the end of the year, the value of the inventory of these toys will be considered as:
 a. investment in 2004.
 b. investment in 2005.
 c. consumption in 2004.
 d. consumption in 2005.
 e. a part of GDP when the toys are sold.

Question 2

The optimal hiring rule is to employ labor up to the point where:
 a. wage = MFC.
  b. wage = MP.
  c. wage = MR
  d. wage = MRP
  e. wage = TWC.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pikon

  • Sr. Member
  • ****
  • Posts: 361
Answer to Question 1

a

Answer to Question 2

d




jjjetplane

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

 

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

For a complete list of videos, visit our video library