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Author Question: Hotspur Incorporated, a manufacturer of microwaves, is a price taker in both the input and output ... (Read 42 times)

jake

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on: Jun 29, 2018
Hotspur Incorporated, a manufacturer of microwaves, is a price taker in both the input and output markets. To maximize its profit, Hotspur will hire labor up to the point where
 
  A) the marginal revenue product of labor equals the wage rate.
  B) the marginal revenue product of labor equals the output price.
  C) the marginal product of labor is no longer positive.
  D) all economies of scale have been exhausted.

Question 2

Long-run cost curves are U-shaped because
 
  A) of economies and diseconomies of scale. B) of the law of diminishing returns.
  C) of the law of supply. D) of the law of demand.
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pikon

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Reply #1 on: Jun 29, 2018
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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jake

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Reply #2 on: Jun 29, 2018
Thank you


pikon

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Reply #3 on: Jun 29, 2018
No problemo


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