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

Author Question: The demand for ________ in a competitive industry depends on its productivity and upon how its ... (Read 78 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
on: Apr 19, 2019

Question 1

If the wage rate is greater than the marginal revenue product of labor, the firm should ________ to maximize profits.


◦ hire less labor and produce less output
◦ hire less labor and produce more output
◦ hire more labor and produce less output
◦ hire more labor and produce more output

Question 2

The demand for ________ in a competitive industry depends on its productivity and upon how its product is valued in the marketplace.


◦ only skilled labor
◦ only unskilled labor
◦ only labor in general
◦ any factor of production
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 laurencescou on Apr 19, 2019

Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
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


laurencescou

  • Member
  • Posts: 593
Reply 2 on: Apr 19, 2019
Excellent

Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
How much the temperature will rise depends on many factors that affect the level of GHG emission How much the temperature will rise depends on many factors that affect the level of GHG emission
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
Productivity in Selected Industries in the Early 1990s Productivity in Selected Industries in the Early 1990s
Role of Productivity in Determining Growth, 1975–2009 Role of Productivity in Determining Growth, 1975–2009
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Video: Neurosynapse Animation

For a complete list of videos, visit our video library