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Author Question: If the product derived from the last dollar spent on labor is less than the product derived from the ... (Read 171 times)

nmorano1

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on: Apr 19, 2019

Question 1

If the product derived from the last dollar spent on labor is greater than the product derived from the last dollar spent on capital, then the firm


◦ is minimizing costs.
◦ should use more labor and less capital to minimize costs.
◦ should use less labor and more capital to minimize costs.
◦ should increase the price paid to labor and decrease the price paid to capital to minimize costs.

Question 2

If the product derived from the last dollar spent on labor is less than the product derived from the last dollar spent on capital, then the firm


◦ is minimizing costs.
◦ should use more labor and less capital to minimize costs.
◦ should use less labor and more capital to minimize costs.
◦ should increase the price paid to labor and decrease the price paid to capital to minimize costs.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by nmorano1 on Apr 19, 2019

wtf444

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nmorano1

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

brbarasa

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Reply 3 on: Yesterday
Wow, this really help

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