« previous next »

Author Question: Diminishing marginal returns to labor occur because A) after a while it is hard to find a good ... (Read 22 times)

SAVANNAHHOOPER23

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
Diminishing marginal returns to labor occur because
 
  A) after a while it is hard to find a good worker.
  B) the capital resources used by the firm are fixed in the short run.
  C) workers become more efficient over time.
  D) larger companies are less efficient.

Question 2

A perfectly competitive firm is producing more than the profit-maximizing amount of its product. You can conclude that its
 
  A) total cost exceeds its total revenue.
  B) average total cost exceeds the price of the product.
  C) marginal revenue is less than the price of the product.
  D) marginal cost exceeds the price of the product.


hanadaa

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

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 widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Changes that occur during the processing of tyrosine pre-tRNA Changes that occur during the processing of tyrosine pre-tRNA
Write the equation for the voltage at any instant, and find the voltage at 4.0 s Write the equation for the voltage at any instant, and find the voltage at 4.0 s
How to find the anti-derivative of a function (Part 3) How to find the anti-derivative of a function (Part 3)
Too Much Alcohol Costs You Good Nutrition Too Much Alcohol Costs You Good Nutrition
Change is hard at first messy in the middle and gorgeous at the end Change is hard at first messy in the middle and gorgeous at the end
Video: Polysaccharides

For a complete list of videos, visit our video library