Author Question: The division of labor and specialization explain A) why the average product of labor falls when ... (Read 128 times)

a0266361136

  • Hero Member
  • *****
  • Posts: 538
The division of labor and specialization explain
 
  A) why the average product of labor falls when firms use more capital or change the layout of their businesses.
  B) why, when the marginal product of labor increases, so does the average product of labor.
  C) why the marginal product of labor rises as a firm hires its first units of labor.
  D) why firms may find it profitable to use more workers when the marginal product of labor is negative.

Question 2

Refer to Figure 13-8. What is the profit-maximizing output level?
 
  A) 22 cases B) 24 cases C) 30 cases D) 38 cases


wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

For a complete list of videos, visit our video library