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

Author Question: Marginal revenue product of labor for a competitive seller is A) equal to the marginal product of ... (Read 109 times)

javeds

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
Marginal revenue product of labor for a competitive seller is
 
  A) equal to the marginal product of labor multiplied by the output price.
  B) the marginal revenue of the product multiplied by the output price.
  C) the change in total product from hiring one more worker.
  D) the output price multiplied by the quantity sold.

Question 2

The entry and exit of firms in a monopolistically competitive market guarantee that
 
  A) firms can earn economic profits in the long run.
  B) price equals average total cost in the long run.
  C) marginal revenue equals marginal cost and average total cost is minimized.
  D) firms can earn economic profits in the short run.
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

CourtneyCNorton

  • Sr. Member
  • ****
  • Posts: 317
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


javeds

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

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?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Rivers Are a Product of Their Watersheds Rivers Are a Product of Their Watersheds
Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
Stages of labor. Stages of labor.
A close relationship between greenhouse gas emissions and a country’s gross domestic product A close relationship between greenhouse gas emissions and a country’s gross domestic product
To find the derivative use product rule To find the derivative use product rule
Competitive firms and maximization Competitive firms and maximization
Video: Stimulus (introduction)

For a complete list of videos, visit our video library