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

Author Question: The formula for the marginal revenue product of labor ( Lis for labor, Xis the output) is (Read 46 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
on: Apr 19, 2019

Question 1

If the price of the product produced by labor increases, the marginal revenue product of labor curve will


◦ be unaffected because productivity of labor has not changed.
◦ shift to the left.
◦ shift to the right.
◦ become more elastic.

Question 2

The formula for the marginal revenue product of labor (
L is for labor, 
X is the output) is


◦ MPL/
PX.
◦ PX/
MPL.
◦ (
MPL)(
MRX).
◦ MPL + 
PX.
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 RYAN BANYAN on Apr 19, 2019

Qarqy

  • Sr. Member
  • ****
  • Posts: 313
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


RYAN BANYAN

  • Member
  • Posts: 563
Reply 2 on: Apr 19, 2019
:D TYSM

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ... Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ...
North Korea: Labor Issues North Korea: Labor Issues
Quadratic Formula Quadratic Formula
Half-life formula Half-life formula
To find the derivative use product rule To find the derivative use product rule
molecular formula molecular formula
Video: Arthritis

For a complete list of videos, visit our video library