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Author Question: If the marginal product of a worker for a calculator manufacturer is 10 calculators, and the price ... (Read 68 times)

schs14

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on: Apr 19, 2019

Question 1

The marginal revenue product of labor is


◦ the additional revenue a firm earns by employing one additional unit of labor.
◦ the additional profit a firm earns by employing one additional unit of labor.
◦ the marginal product of capital times the price of labor.
◦ the additional revenue the firm makes by selling one unit of labor.

Question 2

If the marginal product of a worker for a calculator manufacturer is 10 calculators, and the price of a calculator is $10, the firm's marginal revenue product is


◦ $1.00.
◦ $10.00.
◦ $100.00.
◦ $1,000.00.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by schs14 on Apr 19, 2019

jessofishing

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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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schs14

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

Joy Chen

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

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