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

Author Question: Assume that labor is the only variable input and that the payment made to labor is denoted as W. The ... (Read 113 times)

anjilletteb

  • Hero Member
  • *****
  • Posts: 569
on: Apr 19, 2019

Question 1

If Tie-Dyed T-Shirts is currently employing labor so that the wage is greater than the marginal revenue product of labor, it must also be 
true that


◦ total revenues would be less than total costs.
◦ the wage is less than marginal cost.
◦ the price of the product must be less than marginal cost.
◦ the price of the product must be greater than marginal cost.

Question 2

Assume that labor is the only variable input and that the payment made to labor is denoted as 
W. The ________ can be stated as 
W/
MC.


◦ marginal revenue product of labor
◦ marginal product of labor
◦ total cost of labor
◦ total revenue from labor
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 anjilletteb on Apr 19, 2019

ong527

  • Sr. Member
  • ****
  • Posts: 285
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 25% of students answer this correctly


anjilletteb

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Apr 19, 2019
Excellent


ong527

  • Sr. Member
  • ****
  • Posts: 285
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
“To confess my weakness,” Hamilton wrote when he was only fourteen, “my ambition is prevalent.” This “To confess my weakness,” Hamilton wrote when he was only fourteen, “my ambition is prevalent.” This
A healthy diet is made up of well-balanced nutrients. A healthy diet is made up of well-balanced nutrients.
Healthier choices can be made when time is taken to read a nutrition label. Healthier choices can be made when time is taken to read a nutrition label.
How to rearrange formulas to isolate for a variable (Part 2) How to rearrange formulas to isolate for a variable (Part 2)
What is the discounted value of deposits of $150.00 made at the end of each month for fourteen ... What is the discounted value of deposits of $150.00 made at the end of each month for fourteen ...
Video: Red Blood Cells - Erythropoietin (EPO)

For a complete list of videos, visit our video library