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

Author Question: The figure above shows a firm's VMP curve. Suppose that a new technology doubles the marginal ... (Read 41 times)

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by danielfitts88 on May 24, 2019

ghepp

  • Sr. Member
  • ****
  • Posts: 361
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.
Answer Preview
Only 29% of students answer this correctly


danielfitts88

  • Hero Member
  • *****
  • Posts: 535
Reply #2 on: May 24, 2019
Excellent


ghepp

  • Sr. Member
  • ****
  • Posts: 361
Reply #3 on: May 24, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Sequential decline of whale catches in the Antarctic shows the strong effect of human predators. Sequential decline of whale catches in the Antarctic shows the strong effect of human predators.
Some of the fastest growing religions in America are non-Judeo-Christian religions. This photograph Some of the fastest growing religions in America are non-Judeo-Christian religions. This photograph
Frequency distribution curve: interpatient variability in drug response Frequency distribution curve: interpatient variability in drug response
The posted octane rating in most high-altitude areas shows regular at 85 instead of the usual 87. The posted octane rating in most high-altitude areas shows regular at 85 instead of the usual 87.
Apply scissoring between metatarsals and figure-8s on toe joints to mobilize the foot. Apply scissoring between metatarsals and figure-8s on toe joints to mobilize the foot.
Frequency distribution of phenotypes from the possible offspring in Figure 5.7. Height of the offspr Frequency distribution of phenotypes from the possible offspring in Figure 5.7. Height of the offspr
Video: Effect of the environment on coat color in the Himalayan rabbit Animation

For a complete list of videos, visit our video library