« previous next »

Author Question: The shape of a firm's expansion path depends upon a. the price of the labor input. b. the price of ... (Read 77 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
The shape of a firm's expansion path depends upon
 a. the price of the labor input.
  b. the price of the capital input.
  c. the shape of the firm's production function.
  d. all of these factors.

Question 2

The firm's expansion path records
 a. profit-maximizing output choices for every possible price.
  b. cost-minimizing input choices for all possible output levels for when input prices expand along with production.
  c. cost-minimizing input choices for all possible output levels for a fixed set of input prices.
  d. cost-minimizing input choices for profit-maximizing output levels.


EAN94

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

The direction of plant cell expansion is controlled by microfibrils and microtubules. Plant cells en The direction of plant cell expansion is controlled by microfibrils and microtubules. Plant cells en
Edward Bellamy, author of the utopian novel Looking Backward (1888) Bellamy’s socialism worried many Edward Bellamy, author of the utopian novel Looking Backward (1888) Bellamy’s socialism worried many
How much the temperature will rise depends on many factors that affect the level of GHG emission How much the temperature will rise depends on many factors that affect the level of GHG emission
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Chromosome shape Chromosome shape
Video: Skin Cancer

For a complete list of videos, visit our video library