« previous next »

Author Question: In any production process the marginal product of labor equals a. Change in total output divided by ... (Read 100 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
In any production process the marginal product of labor equals
 a. Change in total output divided by change in labor input
  b. Total output divided by total input
  c. Total output
  d. None of the above

Question 2

Marginal revenue (MR) is ____ when total revenue is maximized.
 a. greater than one
  b. equal to one
  c. less than zero
  d. equal to zero
  e. equal to minus one


tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

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?

The FDA recognizes 118 routes of administration.

Critical thinking and the evaluation process Critical thinking and the evaluation process
Deliberative nursing is a constant process of validating perceptions, thoughts, and feelings. Deliberative nursing is a constant process of validating perceptions, thoughts, and feelings.
Identifying the Causes of Climate Change Identifying the Causes of Climate Change
Demographic change and the effect on people social, and economic life Demographic change and the effect on people social, and economic life
Total radiative forcing ~1.63 Wm-2 Total radiative forcing ~1.63 Wm-2
How Does Earth Work? Physical Geology and the Process of Science, 2nd Edition How Does Earth Work? Physical Geology and the Process of Science, 2nd Edition
Video: Introduction to Dysrhythmia

For a complete list of videos, visit our video library