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

Author Question: When marginal product is rising, marginal costs will: a. rising. b. remaining unchanged. c. ... (Read 66 times)

javeds

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
When marginal product is rising, marginal costs will:
 a. rising.
 b. remaining unchanged.
 c. falling.
 d. rising by an equal amount.

Question 2

A firm decides to hire more equipment if:
 a. the average revenue it earns by selling its output is equal to its average cost.
  b. its total revenue is greater than the total cost of hiring the equipment.
  c. the marginal revenue product of the additional unit of equipment is greater than the marginal factor cost.
  d. its average revenue is greater than the average cost of hiring equipment.
  e. the price of its product is greater than the average cost of production.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momolu

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


javeds

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
Gracias!

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Rotating around any node leaves a phylogeny unchanged Rotating around any node leaves a phylogeny unchanged
Rising and Setting of Stars at Middle North Latitudes Rising and Setting of Stars at Middle North Latitudes
A member of the Uru-Eu-Wau-Wau tribe in Brazil. The way of life of the world’s few remaining rain ... A member of the Uru-Eu-Wau-Wau tribe in Brazil. The way of life of the world’s few remaining rain ...
Adiabatic Cooling of Rising Air Adiabatic Cooling of Rising Air
Find derivative using product rule Find derivative using product rule
The phenotype of an organism is the product of interactions The phenotype of an organism is the product of interactions
Video: Introduction to Herpes

For a complete list of videos, visit our video library