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Author Question: A firm's isocost line shifts parallel outward from the original isocost line as its (Read 153 times)

LCritchfi

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on: Apr 19, 2019

Question 1

When the marginal product of labor ________ the average product of labor, then the average product is maximized.


◦ equals
◦ is greater than
◦ is less than
◦ The average product of labor is never maximized.

Question 2

A firm's isocost line shifts parallel outward from the original isocost line as its


◦ total cost for capital and labor increases.
◦ total cost for capital and labor decreases.
◦ total cost for capital increases and its total cost for labor decreases.
◦ total cost for capital decreases and its total cost for labor increases.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by LCritchfi on Apr 19, 2019

strudel15

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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.
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LCritchfi

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Reply 2 on: Apr 19, 2019
Wow, this really help

patma1981

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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