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Author Question: Explain two different ways to determine the profit-maximizing level of output for a firm in a ... (Read 156 times)

fox

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on: Jun 29, 2018
Explain two different ways to determine the profit-maximizing level of output for a firm in a perfectly competitive market.
 
  What will be an ideal response?

Question 2

After Suzie, owner of Suzie's Sweet Shop, hires her 8th worker the average product of labor declines. Which of the following statements must be true?
 
  A) The average product of labor is negative.
  B) The marginal product of the 8th worker is negative.
  C) The marginal product of the 8th worker is less than the average product of labor before the 8th worker was hired.
  D) Suzie's profits would be greater if she did not hire the 8th worker.
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ttt030911

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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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fox

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Reply #2 on: Jun 29, 2018
Correct answers!


ttt030911

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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