« previous next »

Author Question: A profit-maximizing firm hires labor until a. the price of output equals the price of labor. b. ... (Read 58 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jun 30, 2018
A profit-maximizing firm hires labor until
 
  a. the price of output equals the price of labor.
  b. the price of output equals the marginal product of labor
  c. the real wage equals the marginal product of labor.
  d. the real wage equals the marginal product of labor multiplied by the price of output.

Question 2

One of the most responsive components of investment to changes in interest rates are
 
  a. equipment.
  b. inventories.
  c. automobile purchases.
  d. residential housing.
  e. none of the above.


akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Jun 30, 2018
Thank you :)


akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
The major cortical input and output pathways of the dorsolateral prefrontal association cortex. ... The major cortical input and output pathways of the dorsolateral prefrontal association cortex. ...
One-handed kneading. Tissues are lifted with the whole hand in firm contact. One-handed kneading. Tissues are lifted with the whole hand in firm contact.
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
Labor Labor
Video: Neurotransmission at chemical synapses & Excitory and inhibitory potentials

For a complete list of videos, visit our video library