« previous next »

Author Question: The shape of a firm's expansion path depends upon a. the price of the labor input. b. the price of ... (Read 28 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
The shape of a firm's expansion path depends upon
 a. the price of the labor input.
  b. the price of the capital input.
  c. the shape of the firm's production function.
  d. all of these factors.

Question 2

The firm's expansion path records
 a. profit-maximizing output choices for every possible price.
  b. cost-minimizing input choices for all possible output levels for when input prices expand along with production.
  c. cost-minimizing input choices for all possible output levels for a fixed set of input prices.
  d. cost-minimizing input choices for profit-maximizing output levels.


EAN94

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jul 1, 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
« previous next »
 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Two mechanisms that affect cell shape and movement. Two mechanisms that affect cell shape and movement.
The biconcave disk shape of erythrocytes (red blood cells). The biconcave disk shape of erythrocytes (red blood cells).
Blood-typing and cross-reactions: The blood type depends on the presence of surface antigens (agglut Blood-typing and cross-reactions: The blood type depends on the presence of surface antigens (agglut
Labor and delivery. Labor and delivery.
John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site. Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site.
Video: Summary of glucose catabolism

For a complete list of videos, visit our video library