« previous next »

Author Question: Joe manages a company that produces lawn mowers. Joe knows that the value of marginal product A) ... (Read 68 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
Joe manages a company that produces lawn mowers. Joe knows that the value of marginal product
 
  A) decreases as he hires more labor to produce lawn mowers.
  B) does not change as he sells more lawn mowers.
  C) increases as he hires more labor to produce lawn mowers.
  D) increases as he sells more lawn mowers.

Question 2

A good has a perfectly inelastic supply and a downward sloping demand curve. Imposing a sales tax of 1 per unit on the sellers of the good
 
  A) raises the price paid by demanders by more than 1.00.
  B) raises the price paid by demanders by 1.00.
  C) raises the price paid by demanders by less than 1.00.
  D) does not change the price paid by demanders.


Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

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?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

X chromosome inactivation in female mammals produces the Barr Body. X chromosome inactivation in female mammals produces the Barr Body.
A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
Rivers Are a Product of Their Watersheds Rivers Are a Product of Their Watersheds
the transamination product of tryptophan is decarboxylated to yield indole-3-acetic acid, or auxin the transamination product of tryptophan is decarboxylated to yield indole-3-acetic acid, or auxin
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Lawn Tennis Lawn Tennis
Video: Introduction to Macular Degeneration

For a complete list of videos, visit our video library