« previous next »

Author Question: A firm should continue to hire a resource as long as the resource's marginal revenue product exceed ... (Read 25 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
A firm should continue to hire a resource as long as the resource's marginal revenue product exceed the resource's marginal resource cost.
 a. True
  b. False

Question 2

The Lorenz curve shows the
 a. functional distribution of income
  b. personal distribution of income
  c. relative percentage of income going to each of the resources
  d. demand for unskilled versus unskilled labor
  e. cumulative percentage of income received by cumulative percentages of households


Pswine

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

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

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Product safety Product safety
Natural Resource Prices, 1850–2010 Natural Resource Prices, 1850–2010
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
A tightrope walker walks across a 30-m long wire tied between two poles. The center of the wire ... A tightrope walker walks across a 30-m long wire tied between two poles. The center of the wire ...
Americium-243 has a decay constant of 9.39 × 10-5 years-1. How long will it take Americium-243 has a decay constant of 9.39 × 10-5 years-1. How long will it take
Long bone formation Long bone formation
Video: What are Strong & Weak Acids and How they're different?

For a complete list of videos, visit our video library