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Author Question: The marginal revenue product of labor is defined as A) the change in the firm's output as a ... (Read 64 times)

tsand2

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on: Jun 29, 2018
The marginal revenue product of labor is defined as
 
  A) the change in the firm's output as a result of hiring one more worker.
  B) the change in the firm's revenue as a result of selling one more unit of output.
  C) the change in the firm's profit as a result of hiring one more worker.
  D) the change in the firm's revenue as a result of hiring one more worker.

Question 2

Consider the following actions undertaken by a firm:
 
  a. charging a higher price for products of higher quality
  b. charging different prices to different consumers for the same product when the variation cannot be explained by cost differences
  c. charging different prices for products of different qualities
  d. charging a lower price to match a competitor's price
 
  Which of the above will be considered price discrimination?
  A) a, b, c, and d B) a, b, and d only C) b and d only D) b only
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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reelove4eva

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Reply #1 on: Jun 29, 2018
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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tsand2

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Sarahjh

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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