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

Author Question: Consider the following production and cost schedule for a firm. The first column shows the number of ... (Read 180 times)

camac77

  • Full Member
  • ***
  • Posts: 139
on: Oct 12, 2022

Question 1

Consider labour that is hired for $18 per hour. If the last hour of labour hired produces 8 units of output which sells for $10 per unit, that labour-hour adds ________ to the firm's profit and so ________ labour should be hired.
◦ $0; no
◦ $80; more
◦ $62; less
◦ -$80; less
◦ $62; more

Question 2

Consider the following production and cost schedule for a firm. The first column shows the number of units of a variable factor of production employed by the firm.



TABLE 13-5

Refer to Table 13-5. If this firm is perfectly competitive, total revenue (TR) generated by hiring the 12th unit of the factor of production is


◦ $20.
◦ $40.
◦ $120.
◦ $1280.
◦ $1540.
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 camac77 on Oct 12, 2022

delmiss

  • Full Member
  • ***
  • Posts: 152
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 35% of students answer this correctly


camac77

  • Member
  • Posts: 139
Reply 2 on: Oct 12, 2022
:D TYSM

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Adult neurogenesis. The top panel shows new cells in the dentate gyrus of the hippocampus—the cell ... Adult neurogenesis. The top panel shows new cells in the dentate gyrus of the hippocampus—the cell ...
World Crude Oil Production, 1900–2010 World Crude Oil Production, 1900–2010
Stem Cell Production Stem Cell Production
Section of a normal brain (left) and an HD brain (right). The HD brain shows extensive damage to the Section of a normal brain (left) and an HD brain (right). The HD brain shows extensive damage to the
The effect of disruptive selection on bristle number in Drosophila The effect of disruptive selection on bristle number in Drosophila
Production of ABO blood group antigens Production of ABO blood group antigens
Video: Pores and Ion Channels

For a complete list of videos, visit our video library