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

Author Question: Marginal revenue product can be calculated using the formula marginal product output price A) ... (Read 128 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
Marginal revenue product can be calculated using the formula marginal product  output price
 
  A) only if the both marginal product of labor and the output price are constant.
  B) only if the firm has market power in the labor market
  C) only if output price is constant.
  D) only if the marginal product of labor is constant.

Question 2

Average fixed cost is equal to
 
  A) the amount of total cost that does not change as output changes in the short run.
  B) fixed cost divided by the quantity of output produced.
  C) average total cost plus average variable cost.
  D) fixed cost multiplied by the quantity of output produced.
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

efwsefaw

  • Sr. Member
  • ****
  • Posts: 351
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 64% of students answer this correctly


wenmo

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
Quadratic Formula Quadratic Formula
Product Rule Product Rule
Which of the following is the electron dot formula for an atom of strontium? Which of the following is the electron dot formula for an atom of strontium?
Calculator Output Calculator Output
Video: Regulation of GFR: autoregulation via tubuloglomerular feedback, neural & hormonal regulation

For a complete list of videos, visit our video library