« previous next »

Author Question: Refer to Figure 11-2. The average product of labor declines after L2 because A) the marginal ... (Read 108 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
Refer to Figure 11-2. The average product of labor declines after L2 because
 
  A) the marginal product of labor is below the average product of labor.
  B) the marginal product of labor is negative.
  C) the marginal product of labor is falling.
  D) the marginal product of labor is positive.

Question 2

Producing where marginal revenue equals marginal cost is equivalent to producing where
 
  A) total revenue is equal to total cost. B) total profit is maximized.
  C) average fixed cost is minimized. D) average total cost equals average revenue.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


janeli

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

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?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Killer Whale - Size comparison to an average human. Killer Whale - Size comparison to an average human.
Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period
Stages of Labor Stages of Labor
Proportion of Women and Men in the U.S. Labor Force Proportion of Women and Men in the U.S. Labor Force
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
The Stages of Labor and Birth in a Vaginal Delivery The Stages of Labor and Birth in a Vaginal Delivery
Video: Mechanism of enzyme action

For a complete list of videos, visit our video library