This topic contains a solution. Click here to go to the answer

Author Question: The increase in revenue created by hiring one more unit of labor is the A) marginal product of ... (Read 51 times)

Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
The increase in revenue created by hiring one more unit of labor is the
 
  A) marginal product of labor.
  B) marginal revenue of labor.
  C) marginal product revenue of labor.
  D) value of marginal product of labor.

Question 2

An externality occurs when
 
  A) the costs of producing a good are paid entirely by the producer.
  B) some of the costs of producing a good are paid by someone other than the producer.
  C) the marginal social cost of an activity increases as that activity is increased.
  D) Both answers A and C are correct.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fur

  • Sr. Member
  • ****
  • Posts: 309
Answer to Question 1

D

Answer to Question 2

B




Mollykgkg

  • Member
  • Posts: 529
Reply 2 on: Jun 29, 2018
:D TYSM


brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

For a complete list of videos, visit our video library