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Author Question: A profit-maximizing firm will pay a worker: A) the value of the worker's marginal product. B) ... (Read 81 times)

nummyann

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on: Jun 30, 2018
A profit-maximizing firm will pay a worker:
 
  A) the value of the worker's marginal product.
  B) the revenue that it earns by selling one unit of the product.
  C) less than the value of the worker's marginal product.
  D) more than the value of the average revenue of the firm.

Question 2

Which factor of production does human capital enhance?
  i. land
  ii. labor
  iii. capital
 
  A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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kilada

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


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