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

Author Question: The quantity of labor demanded by the firm is such that the A) wage rate equals the marginal ... (Read 89 times)

K@

  • Hero Member
  • *****
  • Posts: 608
on: Jun 29, 2018
The quantity of labor demanded by the firm is such that the
 
  A) wage rate equals the marginal cost.
  B) wage rate equals the value of marginal product of labor.
  C) wage rate equals the marginal product of labor.
  D) marginal revenue equals the marginal product.

Question 2

Small pizza parlors exist in just about every town. Anyone can open a pizza parlor, and the pizzas from one parlor typically have different tastes and sizes than pizzas from another parlor. Thus, the pizza industry is an example of
 
  A) perfect competition.
  B) monopoly.
  C) oligopoly.
  D) monopolistic competition.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zenzy

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


K@

  • Member
  • Posts: 608
Reply 2 on: Jun 29, 2018
Gracias!

juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
Influence of substrate concentration on the rate of an enzyme-catalyzed reaction. Influence of substrate concentration on the rate of an enzyme-catalyzed reaction.
A compression gauge designed for the higher compression rate of a diesel engine should be used when ... A compression gauge designed for the higher compression rate of a diesel engine should be used when ...
Total Fertility Rate in the United States, 1860–2008 Total Fertility Rate in the United States, 1860–2008
AAC, Inc. is planning to issue $5,000,000 in 180-day maturity notes paying a rate of 12 percent ... AAC, Inc. is planning to issue $5,000,000 in 180-day maturity notes paying a rate of 12 percent ...
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
Video: Secondary and tertiary levels of protein structure Animation

For a complete list of videos, visit our video library