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

Author Question: If a profit-maximizing firm hires an additional unit of labor, what must be true about labor's wage ... (Read 41 times)

Wadzanai

  • Hero Member
  • *****
  • Posts: 528
on: Jun 30, 2018
If a profit-maximizing firm hires an additional unit of labor, what must be true about labor's wage and marginal revenue product?
 a. Its wage always equals its marginal revenue product.
  b. Its wage is always greater than its marginal revenue product.
  c. Its wage is always total revenue minus marginal revenue product.
  d. Its wage is always greater than or equal to its marginal revenue product.
  e. Its wage is always less than or equal to its marginal revenue product.

Question 2

In the U.S., people tend to discard items rather than repair them because
 a. Americans are lazy
  b. of the high opportunity cost of time
  c. it is costly to use land for waste disposal
  d. high wages in the waste disposal industry discourages repairs
  e. low wages in the repair industry encourages disposal


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sokh

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

B


Wadzanai

  • Member
  • Posts: 528
Reply 2 on: Jun 30, 2018
:D TYSM

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

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?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Ben Jones, Black Face and Arm Unit. Ben Jones, Black Face and Arm Unit.
Unit Pricing Comparison Unit Pricing Comparison
Schematic of the Agitation Laboratory Apparatus CHE 415 Unit Operations II Schematic of the Agitation Laboratory Apparatus CHE 415 Unit Operations II
Which is TRUE about the alternation of generations cycle that is diagramed above? Which is TRUE about the alternation of generations cycle that is diagramed above?
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
Orientation and structure of a nephron, the functional unit of the kidney. Orientation and structure of a nephron, the functional unit of the kidney.
Video: Major Elements in Biological Molecules: Lipids

For a complete list of videos, visit our video library