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 69 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

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007). The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007).
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
The rate of global emissions is rising rapidly, especially in India and China The rate of global emissions is rising rapidly, especially in India and China
Use the product rule to find derivative Use the product rule to find derivative
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 ...
Video: Pneumonia Animation

For a complete list of videos, visit our video library