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

Author Question: Assume that a firm is operating in the short run and all resources are fixed except for labor. The ... (Read 51 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
on: Jun 30, 2018
Assume that a firm is operating in the short run and all resources are fixed except for labor. The total product curve for this firm will increase at a decreasing rate because:
 a. value of marginal product of labor is unchanged as more labor is hired.
  b. marginal product of labor will decline as more labor is hired.
  c. value of marginal product of labor will increase as more labor is hired.
  d. marginal product of labor is unchanged as more labor is hired.

Question 2

Network effects result from
 A) entry barriers.
  B) economies of scale.
  C) standardization.
  D) none of these choices.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gabrielle_lawrence

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


formula1

  • Member
  • Posts: 666
Reply 2 on: Jun 30, 2018
Gracias!

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

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?

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?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Stages of labor. Stages of labor.
Adding propane to the air inlet of an engine operating in closed loop with a working oxygen sensor ... Adding propane to the air inlet of an engine operating in closed loop with a working oxygen sensor ...
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Three queens, fertile females in species that have a reproductive division of labor. Three queens, fertile females in species that have a reproductive division of labor.
Video: Structure of a Ribosome

For a complete list of videos, visit our video library