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

Author Question: The firm's production function is the relationship between the ________ and ________. A) output ... (Read 58 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
on: Jun 29, 2018
The firm's production function is the relationship between the ________ and ________.
 
  A) output produced; the quantities of all inputs
  B) maximum output attainable; the quantity of variable inputs
  C) possible range of maximum output; the quantity of variable inputs
  D) maximum output attainable; the quantities of both labor and capital

Question 2

The above figure shows the market for labor. The employer is a monopsony. At the equilibrium level of employment, which of the following is CORRECT?
 
  A) MCL = VMP
  B) VMP > W
  C) W < MCL
  D) All of the above are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bpool94

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


dejastew

  • Member
  • Posts: 562
Reply 2 on: Jun 29, 2018
:D TYSM

kalskdjl1212

  • Member
  • Posts: 353
Reply 3 on: Yesterday
Wow, this really help

« 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?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

The rapid speed of cAMP production The rapid speed of cAMP production
An Estimate of the Time of Global Peak Conventional Oil Production An Estimate of the Time of Global Peak Conventional Oil Production
Dose–response relationship. Dose–response relationship.
How to find the critical numbers of a function How to find the critical numbers of a function
Graph to Function Cosine Graph to Function Cosine
Examples of Polypeptide Production from Synthetic mRNAs Examples of Polypeptide Production from Synthetic mRNAs
Video: Pressure volume relationships - Normal inspiration and expiration

For a complete list of videos, visit our video library