This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The value of marginal product of labor is the increase in A) revenue created by producing one ... (Read 55 times)

Caiter2013

  • Hero Member
  • *****
  • Posts: 607
on: Jun 29, 2018
The value of marginal product of labor is the increase in
 
  A) revenue created by producing one more unit of output.
  B) revenue created by hiring one more unit of labor.
  C) total product necessary to make revenue increase by one dollar.
  D) total product generated by hiring one more unit of labor.

Question 2

Within a monopolistically competitive industry
 
  A) firms can freely enter and exit and economic profits are zero in the long run.
  B) firms can freely enter and exit and economic profits are greater than zero in the long run.
  C) there are some barriers to entry and exit and economic profits are zero in the long run.
  D) there are some barriers to entry and exit and economic profits are greater than zero in the long run.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yuyiding

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Caiter2013

  • Member
  • Posts: 607
Reply 2 on: Jun 29, 2018
Gracias!

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

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

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Cellular mechanisms that increase protein diversity Cellular mechanisms that increase protein diversity
Thick filaments are bipolar structures created by the association of many myosin molecules Thick filaments are bipolar structures created by the association of many myosin molecules
Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ...
Increase in Obesity among U.S. Children and Adolescents Increase in Obesity among U.S. Children and Adolescents
Factors that Increase Cardiac Output Factors that Increase Cardiac Output
A melting profile shows the increase in UV absorption versus temperature A melting profile shows the increase in UV absorption versus temperature
Video: Chemical Messengers Animation

For a complete list of videos, visit our video library