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 162 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
YES! Correct, THANKS for helping me on my review

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

The frequency of competition according to the number of species involved. The frequency of competition according to the number of species involved.
The neural pathway responsible for the production and learning of song in the male canary. The neural pathway responsible for the production and learning of song in the male canary.
The Production of Cytotoxic T-lymphocytes (CTLs) The Production of Cytotoxic T-lymphocytes (CTLs)
Relationship between the number of amino acid substitutions Relationship between the number of amino acid substitutions
Meiosis Halves the Chromosome Number Meiosis Halves the Chromosome Number
No gene interaction in the production of feather color in budgerigar parakeets No gene interaction in the production of feather color in budgerigar parakeets
Video: Energy inputs and release in glycolysis Animation

For a complete list of videos, visit our video library