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Author Question: Ernie's Sushi-On-A-Stick is a perfectly competitive firm currently employing 75 workers. The ... (Read 115 times)

Garrulous

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on: Apr 19, 2019

Question 1

The curve that indicates how many workers a firm will hire at different wages is the factor's


◦ supply curve.
◦ marginal cost curve.
◦ marginal revenue product curve.
◦ marginal product curve.

Question 2

Ernie's Sushi-On-A-Stick is a perfectly competitive firm currently employing 75 workers. The marginal revenue product of the 75th worker is $9.00 per hour. The wage rate is $12.00 per hour. To increase profits, this firm should


◦ decrease employment until the 
MRP of labor equals $12.00.
◦ increase employment until the 
MRP of labor equals $12.00.
◦ continue hiring 75 workers because the firm earns a surplus of $3.00 on each worker hired.
◦ increase the price of sushi-on-a-stick so that the marginal revenue product increases to $12.00 per hour.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Garrulous on Apr 19, 2019

zenzy

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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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Garrulous

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Reply #2 on: Apr 19, 2019
Thanks


zenzy

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Reply #3 on: Apr 19, 2019
Welcome :)


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