Author Question: A profit-maximizing firm will pay a worker: A) the value of the worker's marginal product. B) ... (Read 181 times)

nummyann

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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


kilada

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Answer to Question 1

A

Answer to Question 2

B



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