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

Author Question: When marginal product is rising, marginal costs will: a. rising. b. remaining unchanged. c. ... (Read 130 times)

javeds

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
When marginal product is rising, marginal costs will:
 a. rising.
 b. remaining unchanged.
 c. falling.
 d. rising by an equal amount.

Question 2

A firm decides to hire more equipment if:
 a. the average revenue it earns by selling its output is equal to its average cost.
  b. its total revenue is greater than the total cost of hiring the equipment.
  c. the marginal revenue product of the additional unit of equipment is greater than the marginal factor cost.
  d. its average revenue is greater than the average cost of hiring equipment.
  e. the price of its product is greater than the average cost of production.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momolu

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


javeds

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
Excellent

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

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?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Plant-transpired water vapour mist rising from a tropical rain forest. Plant-transpired water vapour mist rising from a tropical rain forest.
Energy costs of locomotion. Energy costs of locomotion.
Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
Closed and Open Food Product Dating Closed and Open Food Product Dating
The Pathophysiology of Glaucoma (B) Rapidly Rising I O P The Pathophysiology of Glaucoma (B) Rapidly Rising I O P
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
Video: DNA Sequences - Dideoxy Sequencing

For a complete list of videos, visit our video library