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 49 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
Excellent

Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
Minerals are nonrenewable resources in limited supply Minerals are nonrenewable resources in limited supply
Effect of Shifting Labor into R&D Effect of Shifting Labor into R&D
Resources from Rocks and Minerals Resources from Rocks and Minerals
Variable and absorption costing, explaining operating-income differences. Variable and absorption costing, explaining operating-income differences.
A Short List of Human X-Linked Recessive and X-Linked Dominant Traitsa A Short List of Human X-Linked Recessive and X-Linked Dominant Traitsa
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library