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 55 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
Great answer, keep it coming :)

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

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?

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?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Enzymatic rate enhancements Enzymatic rate enhancements
How to solve rate problems leading to fractional equations (Question 1) How to solve rate problems leading to fractional equations (Question 1)
The level of future emissions is closely linked to the rate of population growth The level of future emissions is closely linked to the rate of population growth
Labor Labor
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Video: Acid-base imbalances - metabolic acidosis and alkalosis

For a complete list of videos, visit our video library