« previous next »

Author Question: A firm hires labor in a perfectly competitive labor market. If the wage rate is 44, the firm should ... (Read 240 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jun 30, 2018
A firm hires labor in a perfectly competitive labor market. If the wage rate is 44, the firm should hire
 a. 44 workers
  b. all units of labor whose marginal product is 44
  c. all units of labor whose marginal revenue product is 44
  d. all units of labor whose marginal revenue product is greater than or equal to 44
  e. all units of labor whose marginal revenue product is less than or equal to 44

Question 2

Most waste generated in the U.S. ends up in landfills because
 a. the low opportunity cost of time discourages recycling
  b. Americans earn low incomes
  c. the price of land is relatively low
  d. the low wages in the repair industry encourages repairs
  e. of low productivity and high wages in the waste disposal industry


SomethingSomething

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

madam-professor

  • Hero Member
  • *****
  • Posts: 584
Reply #2 on: Jun 30, 2018
Thank you


SomethingSomething

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Changes in metabolic rate of selected structures in a mammal's body during different activities Changes in metabolic rate of selected structures in a mammal's body during different activities
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011 Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011
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
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Competitive firms and maximization Competitive firms and maximization
Video: Structures that affect circulation - arterioles and vasomotor responses

For a complete list of videos, visit our video library