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

Author Question: The market process avoids creative destruction. Indicate whether the statement is true or ... (Read 63 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jun 30, 2018
The market process avoids creative destruction.
  Indicate whether the statement is true or false

Question 2

Bob's Baubles, Inc, sells its product for 3 each in a perfectly competitive market. If it increases its workforce from 1,000 to 1,001, its output goes from 615 to 625 per day. Its marginal revenue product for the 1,001st worker is:
 a. 3.
 b. 1, 845.
  c. 30.
 d. 3,003.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

huda

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jun 30, 2018
Wow, this really help

dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Successful agriculturalists must have a basic understanding of landscape structure and process. Thes Successful agriculturalists must have a basic understanding of landscape structure and process. Thes
Children with disabilities used to be sent to special schools. In a process called mainstreaming or ... Children with disabilities used to be sent to special schools. In a process called mainstreaming or ...
Before starting the process of adjusting the valves, look up the specifications and exact ... Before starting the process of adjusting the valves, look up the specifications and exact ...
Start the fuel injector cleaning process by bringing the vehicle’s engine up to operating ... Start the fuel injector cleaning process by bringing the vehicle’s engine up to operating ...
Nitrogen dioxide decomposes at 300°C via a second-order process to produce nitrogen monoxide ... Nitrogen dioxide decomposes at 300°C via a second-order process to produce nitrogen monoxide ...
Nursing Care Plan Process: Client with High Blood Lipid Levels Nursing Care Plan Process: Client with High Blood Lipid Levels
Video: HIV replication/ Replication cycle of HIV

For a complete list of videos, visit our video library