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Author Question: The value of marginal product of labor is the change in A) profit from hiring one more worker. ... (Read 100 times)

altibaby

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  • Posts: 562
on: Jun 29, 2018
The value of marginal product of labor is the change in
 
  A) profit from hiring one more worker.
  B) output from hiring one more worker.
  C) total revenue from hiring one more worker.
  D) profit from producing one more unit of output.

Question 2

In the above figure, suppose that the government sets a limit that may be produced of 10 units of output and the price rises to 4. The total deadweight loss would be
 
  A) 0.
  B) 10.
  C) 15.
  D) 20.


welcom1000

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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