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Author Question: If a toy store overestimates the demand for a toy in 2004 and, as a result, has an unexpectedly ... (Read 40 times)

jjjetplane

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on: Jun 30, 2018
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.


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pikon

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

a

Answer to Question 2

d


jjjetplane

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Jossy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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