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

Author Question: If the wage that a competitive firm must pay its workers exceeds their value of marginal product, ... (Read 66 times)

imanialler

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
If the wage that a competitive firm must pay its workers exceeds their value of marginal product, the firm will
 
  A) decrease the quantity of labor it employs.
  B) increase the quantity of labor it employs.
  C) lower the price of the good.
  D) raise the price of the good.

Question 2

Which type of cost is does not change as the quantity of output produced changes?
 
  A) total cost
  B) average cost
  C) fixed cost
  D) marginal cost


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jesse.fleming

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


imanialler

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

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?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

competitive inhibition competitive inhibition
The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007). The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007).
Effects of competitive inhibition on enzyme kinetics Effects of competitive inhibition on enzyme kinetics
Use the product rule to find derivative Use the product rule to find derivative
To find the derivative use product rule To find the derivative use product rule
The functional role of pRB. The pRB protein product of RB1 The functional role of pRB. The pRB protein product of RB1
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library