This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm should consume physical capital until: A) the value of the total product of physical ... (Read 106 times)

kellyjaisingh

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
A firm should consume physical capital until:
 
  A) the value of the total product of physical capital equals the price of physical capital.
  B) the value of the average product of physical capital equals the price of physical capital.
  C) the value of the marginal product of physical capital equals the price of physical capital.
  D) the value of the marginal product of physical capital equals the value of the marginal product of labor.

Question 2

Which of the following is true of a second-price sealed-bid auction?
 
  A) Bidders directly compete with each other.
  B) Bidders submit their bids simultaneously.
  C) Bidders know each other's bid.
  D) Bidders always bid above their willingness to pay.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meltdown117

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


kellyjaisingh

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 29, 2018
Thank you


meltdown117

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont. Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont.
Firm handshake Firm handshake
Capital’s Share of Income in a Cross-Section of Countries Capital’s Share of Income in a Cross-Section of Countries
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
To find the derivative use product rule To find the derivative use product rule
Physical Findings of Tension Pneumothorax Physical Findings of Tension Pneumothorax
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library