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

Author Question: The table below shows the total production for varying numbers of hours worked producing yo-yos. The ... (Read 48 times)

dabomba718

  • Full Member
  • ***
  • Posts: 158
on: Oct 12, 2022

Question 1

Suppose the last unit of a factor of production employed has a marginal product of 12. The factor's price is $8, and the product's competitive market price is $6. This factor's marginal revenue product is
◦ $96.
◦ $36.
◦ $48.
◦ $72.
◦ $6.

Question 2

The table below shows the total production for varying numbers of hours worked producing yo-yos. The firm sells its product and hires its workers in competitive markets.

Number of
 Hours Worked		Number of 
Yo-Yos 
Produced		Wage Rate
per Hour (S)		Price of Yo-Yos
($)
1060105
1170105
1278105
1384105
1488105
1590105
TABLE 13-4

Refer to Table 13-4. A profit-maximizing firm will continue to hire labour to produce yo-yos until they have equated
◦ the marginal revenue product of an additional hour of labour and the price of yo-yos.
◦ the wage rate per hour and the marginal product of labour.
◦ the marginal product of an additional hour of labour and the price of the yo-yos.
◦ the price of yo-yos and the wage rate per hour.
◦ the wage rate per hour and the value of the yo-yos produced by hiring one additional hour of labour.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by dabomba718 on Oct 12, 2022

ElaneShive

  • Full Member
  • ***
  • Posts: 175
    • using this promo code
Reply #1 on: Oct 12, 2022
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

This really is helpful if you have clipped a ton of coupons will all be in one place so you're not paying a lot of time uncovering them. homesite

dabomba718

  • Member
  • Posts: 158
Reply 2 on: Oct 12, 2022
Excellent

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

A complete cranium of Au. Afarensis from Hadar, Ethiopia, shows a prognathic face and a small brainc A complete cranium of Au. Afarensis from Hadar, Ethiopia, shows a prognathic face and a small brainc
Identification of the numbers in the Word Problem Identification of the numbers in the Word Problem
Total parenteral nutrition through a catheter in the right subclavian Total parenteral nutrition through a catheter in the right subclavian
Skin color is a polygenic trait controlled by three or four genes, producing a wide range of phenoty Skin color is a polygenic trait controlled by three or four genes, producing a wide range of phenoty
SPSS TABLE TO APA FORMAT SPSS TABLE TO APA FORMAT
Determination of the genotype of F2 plants by the production of F3 progeny Determination of the genotype of F2 plants by the production of F3 progeny
Video: Krebs cycle : Formation of acetyl coenzyme A and Electron transport chain

For a complete list of videos, visit our video library