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

Author Question: Assuming that labor is the only variable input, if society values a good ________ it costs firms to ... (Read 105 times)

jlmhmf

  • Hero Member
  • *****
  • Posts: 552
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jlmhmf on Apr 19, 2019

akpaschal

  • Sr. Member
  • ****
  • Posts: 342
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


jlmhmf

  • Hero Member
  • *****
  • Posts: 552
Reply #2 on: Apr 19, 2019
Excellent


akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

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?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

The reflection nebula NGC 1999 is brilliantly illuminated by V380 Orionis (center), a variable star The reflection nebula NGC 1999 is brilliantly illuminated by V380 Orionis (center), a variable star
An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ... An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ...
Indentured Labor from Asia Indentured Labor from Asia
How to find the derivative of a function when the base and exponent contain a variable x^x How to find the derivative of a function when the base and exponent contain a variable x^x
Dried fruits are good source of sulfur Dried fruits are good source of sulfur
Society: Myths and Realities, An Introduction to Sociology Society: Myths and Realities, An Introduction to Sociology
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library