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

Author Question: A competitive firm will use a factor of production as long as its marginal revenue product exceeds ... (Read 72 times)

jlmhmf

  • Hero Member
  • *****
  • Posts: 552
on: Apr 19, 2019

Question 1

As firms hire additional units of labor, eventually the marginal revenue product will always increase.


◦ true
◦ false

Question 2

A competitive firm will use a factor of production as long as its marginal revenue product exceeds its unit cost.


◦ true
◦ false
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 jlmhmf on Apr 19, 2019

verrinzo

  • Sr. Member
  • ****
  • Posts: 346
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


jlmhmf

  • Hero Member
  • *****
  • Posts: 552
Reply #2 on: Apr 19, 2019
Thanks


verrinzo

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Long-day stimulation of flower development in Arabidopsis. Long-day stimulation of flower development in Arabidopsis.
A pleasant smile can go a long way, even through telephone lines. A pleasant smile can go a long way, even through telephone lines.
(a) IgA. (b) IgA production. (a) IgA. (b) IgA production.
Global Coffee Production Global Coffee Production
Competitive inhibitor Competitive inhibitor
Part of a Semantic Network in Long-Term Memory Part of a Semantic Network in Long-Term Memory
Video: Interspecific Competition Relationship - Competitive & Niche Differentiation

For a complete list of videos, visit our video library