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Author Question: If the marginal product of the last dollar spent on labor is less than the marginal product of the ... (Read 59 times)

swpotter12

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on: Apr 19, 2019

Question 1

For a firm to maximize profits, the marginal product of the last dollar spent on each resource must be equal.


◦ true
◦ false

Question 2

If the marginal product of the last dollar spent on labor is less than the marginal product of the last dollar spent on capital, the firm can produce more output by spending less on capital and more on labor.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by swpotter12 on Apr 19, 2019

tsternbergh47

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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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swpotter12

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Reply #2 on: Apr 19, 2019
Thank you!


tsternbergh47

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Reply #3 on: Apr 19, 2019
Always glad to help...


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