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Author Question: Assume that labor is the only variable input and that the payment made to labor is denoted as W. The ... (Read 62 times)

anjilletteb

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on: Apr 19, 2019

Question 1

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


◦ total revenues would be less than total costs.
◦ the wage is less 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 ________ can be stated as 
W/
MC.


◦ marginal revenue product of labor
◦ marginal product of labor
◦ total cost of labor
◦ total revenue from labor
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by anjilletteb on Apr 19, 2019

ong527

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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.
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anjilletteb

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Reply #2 on: Apr 19, 2019
Excellent


ong527

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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