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

Author Question: The marginal product of labor is the a. cost of one worker b. average output per worker c. change ... (Read 162 times)

eruditmonkey@yahoo.com

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
The marginal product of labor is the
 a. cost of one worker
  b. average output per worker
  c. change in revenue from selling one more unit of output
  d. change in revenue from using one more unit of labor
  e. change in output from using one more unit of labor

Question 2

Which of the following is true of marginal product?
 a. The firm should produce where marginal product is greatest.
  b. The firm should produce where marginal product is increasing.
  c. When marginal product is falling, total product is falling.
  d. The firm should produce where marginal product is zero.
  e. When marginal product is increasing, total product is increasing by increasing amounts.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

qytan

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

E


eruditmonkey@yahoo.com

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
Gracias!

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m
Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward
Desertification and Climate Change Desertification and Climate Change
Recent Climate Change Recent Climate Change
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
Role of Productivity in Determining Output per Worker, 2009 Role of Productivity in Determining Output per Worker, 2009
Video: Junction Types - Tight and Adherens Junctions

For a complete list of videos, visit our video library