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Author Question: The demand for ________ in a competitive industry depends on its productivity and upon how its ... (Read 77 times)

laurencescou

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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
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Marked as best answer by laurencescou on Apr 19, 2019

Kjones0604

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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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laurencescou

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

nanny

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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