« previous next »

Author Question: The division of labor and specialization explain A) why the average product of labor falls when ... (Read 81 times)

a0266361136

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
The division of labor and specialization explain
 
  A) why the average product of labor falls when firms use more capital or change the layout of their businesses.
  B) why, when the marginal product of labor increases, so does the average product of labor.
  C) why the marginal product of labor rises as a firm hires its first units of labor.
  D) why firms may find it profitable to use more workers when the marginal product of labor is negative.

Question 2

Refer to Figure 13-8. What is the profit-maximizing output level?
 
  A) 22 cases B) 24 cases C) 30 cases D) 38 cases
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Nuclear division at the DNA level Nuclear division at the DNA level
Average national IQs according to IQ and Global Inequality Average national IQs according to IQ and Global Inequality
North Korea: Labor Issues North Korea: Labor Issues
Find the two integers that have a sum of 20 and a maximum product Find the two integers that have a sum of 20 and a maximum product
Explain how it can be desirable from an intertemporal perspective for a country run a current ... Explain how it can be desirable from an intertemporal perspective for a country run a current ...
The phenotype of an organism is the product of interactions The phenotype of an organism is the product of interactions
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library