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

Author Question: If the product derived from the last dollar spent on labor is less than the product derived from the ... (Read 181 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
on: Apr 19, 2019

Question 1

If the product derived from the last dollar spent on labor is greater than the product derived from the last dollar spent on capital, then the firm


◦ is minimizing costs.
◦ should use more labor and less capital to minimize costs.
◦ should use less labor and more capital to minimize costs.
◦ should increase the price paid to labor and decrease the price paid to capital to minimize costs.

Question 2

If the product derived from the last dollar spent on labor is less than the product derived from the last dollar spent on capital, then the firm


◦ is minimizing costs.
◦ should use more labor and less capital to minimize costs.
◦ should use less labor and more capital to minimize costs.
◦ should increase the price paid to labor and decrease the price paid to capital to minimize costs.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nmorano1 on Apr 19, 2019

wtf444

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


nmorano1

  • Member
  • Posts: 598
Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Examples of cell types derived from ectoderm, mesoderm, and endoderm. Examples of cell types derived from ectoderm, mesoderm, and endoderm.
Evolutionary tree derived from amino acid sequence comparisons Evolutionary tree derived from amino acid sequence comparisons
Comparison of the chemical structures of psilocybin and LSD. Psilocybin (left) is derived from a mus Comparison of the chemical structures of psilocybin and LSD. Psilocybin (left) is derived from a mus
Cross-sectional data showing that the amount of effort spent on personal health care increases with Cross-sectional data showing that the amount of effort spent on personal health care increases with
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
Use the product rule to find derivative Use the product rule to find derivative
Video: Chemical Buffers - protein buffer, phosphate buffer system and bicarbonate buffer system

For a complete list of videos, visit our video library