« previous next »

Author Question: One way by which firms differentiate their products is to find a market niche. Indicate whether ... (Read 62 times)

MirandaLo

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
One way by which firms differentiate their products is to find a market niche.
 
  Indicate whether the statement is true or false

Question 2

Suppose a competitive firm is paying a wage of 12 an hour. Assume that labor is the only input. If hiring another worker would increase output by four units per hour, then to maximize profits the firm should
 
  A) layoff some workers.
  B) not change the number of workers it currently hires.
  C) hire the extra worker.
  D) There is not enough information to answer the question.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


billybob123

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Nurses should teach lactating women to avoid all drugs, herbal products, or dietary supplements ... Nurses should teach lactating women to avoid all drugs, herbal products, or dietary supplements ...
How to find the derivatives of trigonometric functions using the chain rule (Part 2) How to find the derivatives of trigonometric functions using the chain rule (Part 2)
How to find the area of composite figures (Part 2) How to find the area of composite figures (Part 2)
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
GeneChip (Affymetrix, Inc.) after hybridization to p53 PCR products GeneChip (Affymetrix, Inc.) after hybridization to p53 PCR products
Video: Angiotensin II - kidneys, adrenal glands and dehydration

For a complete list of videos, visit our video library