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

Author Question: The formula for the marginal revenue product of labor ( Lis for labor, Xis the output) is (Read 10 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
on: Apr 19, 2019

Question 1

If the price of the product produced by labor increases, the marginal revenue product of labor curve will


◦ be unaffected because productivity of labor has not changed.
◦ shift to the left.
◦ shift to the right.
◦ become more elastic.

Question 2

The formula for the marginal revenue product of labor (
L is for labor, 
X is the output) is


◦ MPL/
PX.
◦ PX/
MPL.
◦ (
MPL)(
MRX).
◦ MPL + 
PX.
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 RYAN BANYAN on Apr 19, 2019

Qarqy

  • Sr. Member
  • ****
  • Posts: 313
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


RYAN BANYAN

  • Member
  • Posts: 563
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

All computer systems perform four basic functions: input, processing, storage, and output. All computer systems perform four basic functions: input, processing, storage, and output.
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
Single-serve cups of infant formula Single-serve cups of infant formula
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
Half-life formula Half-life formula
formula formula
Video: Metaphase I Animation

For a complete list of videos, visit our video library