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

Author Question: The equation ( MPL/ PL) = ( MPK/ PK) represents (Read 92 times)

WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
on: Apr 19, 2019

Question 1

Assume that capital and labor are complementary inputs. If the firm decreases the amount of capital it employs, this would


◦ cause the firm to move down along the 
MP schedule for labor.
◦ cause the firm to move up along its 
MP schedule for labor.
◦ shift the firmʹs 
MP schedule for labor to the left.
◦ shift the firmʹs 
MP schedule for labor to the right.

Question 2

The equation (
MPL/
PL) = (
MPK/
PK)
 represents


◦ profit maximization.
◦ cost minimization.
◦ the short-run production function.
◦ diminishing marginal returns.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by WhattoUnderstand on Apr 19, 2019

mohan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


WhattoUnderstand

  • Member
  • Posts: 517
Reply 2 on: Apr 19, 2019
Excellent

anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Richard Rodriguez represents millions of immigrants—not just those of Latino origin but those from ... Richard Rodriguez represents millions of immigrants—not just those of Latino origin but those from ...
How to find the equation of a line that is parallel to a line passing through a point How to find the equation of a line that is parallel to a line passing through a point
How to find the equation of a line passing through two points How to find the equation of a line passing through two points
Solve the following Logarithmic equation, if log(x-y/3)=1/2(logx+logy), Solve the following Logarithmic equation, if log(x-y/3)=1/2(logx+logy),
Algebraically solve the equation sec^2 θ-2=0 such that -π ≤ θ ≤ π Algebraically solve the equation sec^2 θ-2=0 such that -π ≤ θ ≤ π
Write the acidic equilibrium equation for HC₆H₅O. Write the acidic equilibrium equation for HC₆H₅O.
Video: Tuberculosis Testing

For a complete list of videos, visit our video library