« previous next »

Author Question: A firm hires labor in a perfectly competitive labor market. If the wage rate is 44, the firm should ... (Read 142 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jun 30, 2018
A firm hires labor in a perfectly competitive labor market. If the wage rate is 44, the firm should hire
 a. 44 workers
  b. all units of labor whose marginal product is 44
  c. all units of labor whose marginal revenue product is 44
  d. all units of labor whose marginal revenue product is greater than or equal to 44
  e. all units of labor whose marginal revenue product is less than or equal to 44

Question 2

Most waste generated in the U.S. ends up in landfills because
 a. the low opportunity cost of time discourages recycling
  b. Americans earn low incomes
  c. the price of land is relatively low
  d. the low wages in the repair industry encourages repairs
  e. of low productivity and high wages in the waste disposal industry


SomethingSomething

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

madam-professor

  • Hero Member
  • *****
  • Posts: 584
Reply #2 on: Jun 30, 2018
Thank you


SomethingSomething

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Overallocation of Labor to Sector 1 Overallocation of Labor to Sector 1
Saving Rate by Decile of Income per Capita Saving Rate by Decile of Income per Capita
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
Video: Resting membrane potential - electrical polarity and maintenance requirements

For a complete list of videos, visit our video library