« previous next »

Author Question: In any production process the marginal product of labor equals a. Change in total output divided by ... (Read 62 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?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Types of paralysis: (A) Quadriplegia is complete or partial paralysis of the upper extremities and c Types of paralysis: (A) Quadriplegia is complete or partial paralysis of the upper extremities and c
Continue the process until the canister is empty and the engine stalls. Remove the cleaning ... Continue the process until the canister is empty and the engine stalls. Remove the cleaning ...
Production of monoclonal antibodies Production of monoclonal antibodies
Research Methods: A Process of Inquiry Research Methods: A Process of Inquiry
Consistency and Change in Personality Over the Lifespan Consistency and Change in Personality Over the Lifespan
Satellite data showing net primary production. Productivity is coded as red (highest) down through o Satellite data showing net primary production. Productivity is coded as red (highest) down through o
Video: Dissociative Disorders (Part 2)

For a complete list of videos, visit our video library