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

Author Question: The marginal revenue product of labor is defined as A) the change in the firm's output as a ... (Read 39 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

reelove4eva

  • Sr. Member
  • ****
  • Posts: 332
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.
Answer Preview
Only 29% of students answer this correctly


tsand2

  • Member
  • Posts: 520
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

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.

The stages of labor and delivery. (A) During the dilation stage the cervix thins and dilates to 10 c The stages of labor and delivery. (A) During the dilation stage the cervix thins and dilates to 10 c
Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
Family interactions change in response to the developing child, and parenting characteristics, such ... Family interactions change in response to the developing child, and parenting characteristics, such ...
A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ... A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ...
Climate Change: Greenhouse gases Timescale Climate Change: Greenhouse gases Timescale
A Change of Heart A Change of Heart
Video: Glycolysis - and oxygen

For a complete list of videos, visit our video library