« previous next »

Author Question: The demand for labor of a perfectly competitive producer: a. is perfectly elastic at the going wage ... (Read 40 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
on: Jun 30, 2018
The demand for labor of a perfectly competitive producer:
 a. is perfectly elastic at the going wage rate.
 b. is downward sloping because prices fall when the producer increases output.
 c. is downward sloping because of diminishing marginal productivity.
 d. is downward sloping because prices fall when the producer increases output and because of diminishing marginal productivity.

Question 2

A firm chooses vertical integration to reduce all of the following costs, EXCEPT:
 a. the cost of investing in diversified assets.
  b. the cost of finding a trading partner.
  c. the cost of devising and enforcing an agreement.
  d. the cost of evaluating the other party's performance.


snackralk

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

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?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
The Stages of Labor and Birth in a Vaginal Delivery The Stages of Labor and Birth in a Vaginal Delivery
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Elastic/inelastic #5 Elastic/inelastic #5
Video: Metabolic Rate, Heat and Thermoregulation - response to heat and cold stresses

For a complete list of videos, visit our video library