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Author Question: The formula for the marginal revenue product of labor ( Lis for labor, Xis the output) is (Read 48 times)

RYAN BANYAN

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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
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Marked as best answer by RYAN BANYAN on Apr 19, 2019

Qarqy

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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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RYAN BANYAN

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  • Posts: 563
Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

Viet Thy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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