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

Author Question: Assume that labor is the only variable input and that the payment made to labor is denoted as W. The ... (Read 48 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
on: Apr 19, 2019

Question 1

If Tie-Dyed T-Shirts is currently employing labor so that the wage is less than the marginal revenue product of labor, it must also be 
true that


◦ total revenues would be greater than total costs.
◦ the wage is greater than marginal cost.
◦ the price of the product must be less than marginal cost.
◦ the price of the product must be greater than marginal cost.

Question 2

Assume that labor is the only variable input and that the payment made to labor is denoted as 
W. The marginal product of labor can be stated as


◦ (
W) × (
MC).
◦ W/
MC.
◦ MC/
W.
◦ TC/
W.
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 beccaep on Apr 19, 2019

zacnyjessica

  • Sr. Member
  • ****
  • Posts: 345
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 25% of students answer this correctly


beccaep

  • Member
  • Posts: 535
Reply 2 on: Apr 19, 2019
Wow, this really help

T4T

  • Member
  • Posts: 348
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Here's how comic book heroes are made Here's how comic book heroes are made
“To confess my weakness,” Hamilton wrote when he was only fourteen, “my ambition is prevalent.” This “To confess my weakness,” Hamilton wrote when he was only fourteen, “my ambition is prevalent.” This
When Union troops pushed toward Richmond in June of 1862, these slaves crossed the Rappahannock Rive When Union troops pushed toward Richmond in June of 1862, these slaves crossed the Rappahannock Rive
The major cortical input and output pathways of the dorsolateral prefrontal association cortex. ... The major cortical input and output pathways of the dorsolateral prefrontal association cortex. ...
What is the mole fraction of I2 in a solution made by dissolving 139 g of I2 in 245 g of ... What is the mole fraction of I2 in a solution made by dissolving 139 g of I2 in 245 g of ...
Three queens, fertile females in species that have a reproductive division of labor. Three queens, fertile females in species that have a reproductive division of labor.
Video: Hormones and the menstrual cycle Animation

For a complete list of videos, visit our video library