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Author Question: A firm maximizes profits when the ________ equals the ________. A) actual marginal product of ... (Read 23 times)

cnetterville

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on: Jun 30, 2018
A firm maximizes profits when the ________ equals the ________.
 
  A) actual marginal product of capital; actual marginal product of labor
  B) actual marginal product of capital; expected marginal product of capital
  C) expected marginal product of capital; the opportunity cost of capital
  D) expected marginal product of capital; user cost of capital

Question 2

In a Malthusian world, what would improve the standard of living permanently?
 
  A) a war
  B) a new medical drug
  C) birth control
  D) democracy


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ricroger

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

D

Answer to Question 2

C


cnetterville

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bbburns21

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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