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

Author Question: In the above figure, the marginal product of labor is zero at point A) a. B) c. C) e. D) ... (Read 52 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
In the above figure, the marginal product of labor is zero at point
 
  A) a.
  B) c.
  C) e.
  D) f.

Question 2

If a firm chooses to produce 100 units of output for 150 with 10 units of labor and 12 units of capital, when they could produce the same 100 units for 120 with 10 units of labor and 8 units of capital, the firm is technologically ________ and
 
  economically ________. A) efficient; inefficient
  B) inefficient; efficient
  C) efficient; efficient.
  D) inefficient; inefficient



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xthemafja

  • Sr. Member
  • ****
  • Posts: 348
Answer to Question 1

C

Answer to Question 2

D




mp14

  • Member
  • Posts: 534
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

For a complete list of videos, visit our video library