« previous next »

Author Question: A firm hires labor in a perfectly competitive labor market. If the wage rate is 44, the firm should ... (Read 198 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?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Effects of growth rate on development. Effects of growth rate on development.
Rate of Residential Change, Past Year, in the United States Rate of Residential Change, Past Year, in the United States
Influence of substrate concentration on the rate of an enzyme-catalyzed reaction. Influence of substrate concentration on the rate of an enzyme-catalyzed reaction.
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
Target Heart Rate Target Heart Rate
Video: Bone Growth and Remodeling

For a complete list of videos, visit our video library