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Author Question: Assuming labor is the only variable factor of production, production of a good will not occur (Read 88 times)

itsmyluck

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on: Apr 19, 2019

Assuming labor is the only variable factor of production, production of a good will not occur


◦ as long as the marginal revenue product of labor is positive.
◦ if society values a good less than it costs firms to hire the workers to produce the good.
◦ as long as the productʹs price is less than the marginal revenue product of labor.
◦ if the marginal cost of a unit of output equals the marginal revenue product of labor.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by itsmyluck on Apr 19, 2019

apple

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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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itsmyluck

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Reply 2 on: Apr 19, 2019
:D TYSM

Dominic

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

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