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

Author Question: The equation ( MPL/ PL) = ( MPK/ PK) represents (Read 29 times)

WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
on: Apr 19, 2019

Question 1

Assume that capital and labor are complementary inputs. If the firm decreases the amount of capital it employs, this would


◦ cause the firm to move down along the 
MP schedule for labor.
◦ cause the firm to move up along its 
MP schedule for labor.
◦ shift the firmʹs 
MP schedule for labor to the left.
◦ shift the firmʹs 
MP schedule for labor to the right.

Question 2

The equation (
MPL/
PL) = (
MPK/
PK)
 represents


◦ profit maximization.
◦ cost minimization.
◦ the short-run production function.
◦ diminishing marginal returns.
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 WhattoUnderstand on Apr 19, 2019

mohan

  • Sr. Member
  • ****
  • Posts: 362
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 29% of students answer this correctly


WhattoUnderstand

  • Member
  • Posts: 517
Reply 2 on: Apr 19, 2019
:D TYSM

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Cellular Respiration Equation Cellular Respiration Equation
How to determine an equation in vertex form of a parabola How to determine an equation in vertex form of a parabola
How to sketch a quadratic equation that is in standard form (Question 2) How to sketch a quadratic equation that is in standard form (Question 2)
Find the equation of the normal line to f(x)=sinx+cosx at x = π. Find the equation of the normal line to f(x)=sinx+cosx at x = π.
The line with the equation y=5x+12 intersects the parabola with equation y=xsqared+7x-3 at the ... The line with the equation y=5x+12 intersects the parabola with equation y=xsqared+7x-3 at the ...
Photosynthesis Equation Photosynthesis Equation
Video: Stroke volume - contractility definition

For a complete list of videos, visit our video library