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 131 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
Wow, this really help

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
Rising Sea Level Rising Sea Level
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
The phenotype of an organism is the product of interactions The phenotype of an organism is the product of interactions
The functional role of pRB. The pRB protein product of RB1 The functional role of pRB. The pRB protein product of RB1
Video: Conjunctivitis

For a complete list of videos, visit our video library