« previous next »

Author Question: A profit-maximizing firm will pay a worker: A) the value of the worker's marginal product. B) ... (Read 118 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
A profit-maximizing firm will pay a worker:
 
  A) the value of the worker's marginal product.
  B) the revenue that it earns by selling one unit of the product.
  C) less than the value of the worker's marginal product.
  D) more than the value of the average revenue of the firm.

Question 2

Which factor of production does human capital enhance?
  i. land
  ii. labor
  iii. capital
 
  A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


kilada

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Patent medicines contained a name brand that clearly identified the product and claimed to cure just ... Patent medicines contained a name brand that clearly identified the product and claimed to cure just ...
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
Product safety Product safety
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
Use the product rule to find derivative Use the product rule to find derivative
Video: Oxygen transport - methods and oxyhemoglobin

For a complete list of videos, visit our video library