« previous next »

Author Question: The division of labor and specialization explain A) why the average product of labor falls when ... (Read 145 times)

a0266361136

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
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
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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).

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major
meiotic cell division meiotic cell division
Average Hourly Earnings of U.S. Workers in Current and Constant Dollars Average Hourly Earnings of U.S. Workers in Current and Constant Dollars
Product safety Product safety
Reproductive Cell Division: Meiosis II Reproductive Cell Division: Meiosis II
Cell Division Vector Icon Cell Division Vector Icon
Video: Types of antimicrobial substances (interferons & complement protein)

For a complete list of videos, visit our video library