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

Author Question: For a competitive firm, workers' marginal revenue product equals the marginal product of labor times ... (Read 196 times)

dalyningkenk

  • Hero Member
  • *****
  • Posts: 598
on: Jun 30, 2018
For a competitive firm, workers' marginal revenue product equals the marginal product of labor times the:
 a. wage rate.
  b. price of the firm's product.
  c. interest rate.
  d. firm's total revenue.

Question 2

Economies of scale imply that within some range one can increase the size of operation and:
 a. total cost will decrease.
  b. fixed cost will decrease.
  c. average total cost will decrease.
  d. average total cost will increase.
  e. average variable cost will decrease.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ilianabrrr

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


dalyningkenk

  • Member
  • Posts: 598
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

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

Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ... Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ...
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
The direct product of phosphate hydrolysis from PEP is the enol form of pyruvate The direct product of phosphate hydrolysis from PEP is the enol form of pyruvate
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
Video: Haustral churning, Gastrocolic reflex and mass peristalsis & Defecation

For a complete list of videos, visit our video library