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

Author Question: The marginal physical product of labor is defined as a. a firm's total output divided by total ... (Read 98 times)

rayancarla1

  • Hero Member
  • *****
  • Posts: 571
on: Jul 1, 2018
The marginal physical product of labor is defined as
 a. a firm's total output divided by total labor input.
  b. the extra output produced by employing one more unit of labor while allowing other inputs to vary.
  c. the extra output produced by employing one more unit of labor while holding other inputs constant.
  d. the extra output produced by employing one more unit of capital while holding labor input constant.

Question 2

A production function measures how an individual maximizes utility.
 a. a firm transforms output into input.
  b. a firm transforms inputs into output.
  c.
 d. a firm minimizes cost.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rachel

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


rayancarla1

  • Member
  • Posts: 571
Reply 2 on: Jul 1, 2018
:D TYSM

mochi09

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Recombinants are meiotic output different from meiotic input Recombinants are meiotic output different from meiotic input
The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007). The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007).
Physical Activity Pyramid Physical Activity Pyramid
The coefficient of the restitution of an object is defined as the ratio of its outgoing to ... The coefficient of the restitution of an object is defined as the ratio of its outgoing to ...
Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded. Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded.
The total weight of Peter, David and Henry is 123 kg, Peter is 15 kg heavier than David. David ... The total weight of Peter, David and Henry is 123 kg, Peter is 15 kg heavier than David. David ...
Video: Dissociative Disorders (Part 2)

For a complete list of videos, visit our video library