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Author Question: Firms will employ each input up to the point that its price equals its marginal revenue product. (Read 46 times)

tichca

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on: Apr 19, 2019

Question 1

A firm is currently hiring capital and labor so that 
MPL/
PL > 
MPK/
PK, if the firm wishes to maximize profits it should hire


◦ less labor and less capital.
◦ more capital and more labor.
◦ more labor and less capital.
◦ less labor and more capital.

Question 2

Firms will employ each input up to the point that its price equals its marginal revenue product.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by tichca on Apr 19, 2019

heinisk01

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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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tichca

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Reply 2 on: Apr 19, 2019
Wow, this really help

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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