« previous next »

Author Question: In any production process the marginal product of labor equals a. Change in total output divided by ... (Read 108 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
In any production process the marginal product of labor equals
 a. Change in total output divided by change in labor input
  b. Total output divided by total input
  c. Total output
  d. None of the above

Question 2

Marginal revenue (MR) is ____ when total revenue is maximized.
 a. greater than one
  b. equal to one
  c. less than zero
  d. equal to zero
  e. equal to minus one


tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Small nuclear RNAs (snRNA), 100-200 bp in length, form part of the splicing mechanisms to process mR Small nuclear RNAs (snRNA), 100-200 bp in length, form part of the splicing mechanisms to process mR
Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
Thoracic cage. Avoid heavy pressure over the sternum and xiphoid process; caution over rib cage. Thoracic cage. Avoid heavy pressure over the sternum and xiphoid process; caution over rib cage.
Total radiative forcing ~1.63 Wm-2 Total radiative forcing ~1.63 Wm-2
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Import of Dietary Glucose from Intestines to Bloodstream

For a complete list of videos, visit our video library