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Author Question: The figure above shows a firm's VMP curve. Suppose that a new technology doubles the marginal ... (Read 120 times)

danielfitts88

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on: May 24, 2019


The figure above shows a firm's VMP curve.


Suppose that a new technology doubles the marginal product of the workers and the price of the product does not change. As a result, the value of marginal product of the second worker
◦ remains $12.
◦ becomes $6.
◦ becomes $24.
◦ becomes $30.
◦ More information about the supply of labor is needed to answer the question.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by danielfitts88 on May 24, 2019

ghepp

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Reply #1 on: May 24, 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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danielfitts88

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Reply #2 on: May 24, 2019
Excellent


ghepp

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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