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

Author Question: Assuming labor is the only variable factor of production, production of a good will not occur (Read 79 times)

itsmyluck

  • Hero Member
  • *****
  • Posts: 546
on: Apr 19, 2019

Assuming labor is the only variable factor of production, production of a good will not occur


◦ as long as the marginal revenue product of labor is positive.
◦ if society values a good less than it costs firms to hire the workers to produce the good.
◦ as long as the productʹs price is less than the marginal revenue product of labor.
◦ if the marginal cost of a unit of output equals the marginal revenue product of labor.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by itsmyluck on Apr 19, 2019

apple

  • Sr. Member
  • ****
  • Posts: 352
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.
Answer Preview
Only 25% of students answer this correctly


itsmyluck

  • Member
  • Posts: 546
Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Predicted effects of piscivores on planktivore, herbivore, and phytoplankton biomass and production Predicted effects of piscivores on planktivore, herbivore, and phytoplankton biomass and production
Peptic ulcer. A peptic ulcer may occur in the stomach (gastric ulcer), as shown here, or in the duod Peptic ulcer. A peptic ulcer may occur in the stomach (gastric ulcer), as shown here, or in the duod
Refraction Through Uniform and Variable Thickness Glasses Refraction Through Uniform and Variable Thickness Glasses
Block Diagram of a Dual-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Seme Block Diagram of a Dual-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Seme
Proportion of Women and Men in the U.S. Labor Force Proportion of Women and Men in the U.S. Labor Force
Production of Ethanol process Production of Ethanol process
Video: Adolescent Diabetes

For a complete list of videos, visit our video library