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Author Question: Assuming that labor is the only variable input, if society values a good ________ it costs firms to ... (Read 97 times)

jlmhmf

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on: Apr 19, 2019

Question 1

Where 
L represents labor and 
X represents output, 
MPL x 
PX is the value of labor's marginal product while the wage rate is the


◦ value of labor's marginal revenue.
◦ cost of a marginal unit of labor.
◦ marginal cost of a unit of output.
◦ marginal revenue of a unit of output.

Question 2

Assuming that labor is the only variable input, if society values a good ________ it costs firms to hire the workers to produce that good, the good ________ be produced.


◦ equal to what; will not
◦ less than; will
◦ more than; will not
◦ less than; will not
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jlmhmf on Apr 19, 2019

akpaschal

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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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jlmhmf

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Reply #2 on: Apr 19, 2019
Excellent


akpaschal

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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