« previous next »

Author Question: In any production process the marginal product of labor equals a. Change in total output divided by ... (Read 83 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?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

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

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

An overview of the process of primary and secondary growth in a woody stem. An overview of the process of primary and secondary growth in a woody stem.
Successful agriculturalists must have a basic understanding of landscape structure and process. Thes Successful agriculturalists must have a basic understanding of landscape structure and process. Thes
Global climate change and CO2 concentration Global climate change and CO2 concentration
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Diagrammatic representation of the process of molecular hybridization Diagrammatic representation of the process of molecular hybridization
No gene interaction in the production of feather color in budgerigar parakeets No gene interaction in the production of feather color in budgerigar parakeets
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library