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

Author Question: When a cost-minimizing firm is faced with an increase in the relative price of labour, it adjusts ... (Read 87 times)

Caileynorton

  • Full Member
  • ***
  • Posts: 132
on: Oct 12, 2022
When a cost-minimizing firm is faced with an increase in the relative price of labour, it adjusts its factor usage so as to
◦ maintain the previous usage of labour.
◦ use more of both capital and labour per unit of output.
◦ increase the marginal product of labour relative to the marginal product of capital.
◦ use more labour per unit of output than before.
◦ increase the marginal product of capital relative to the marginal product of labour.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Caileynorton on Oct 12, 2022

Sha

  • Full Member
  • ***
  • Posts: 179
Reply #1 on: Oct 12, 2022
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 39% of students answer this correctly


Caileynorton

  • Member
  • Posts: 132
Reply 2 on: Oct 12, 2022
Excellent

irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

To increase pressure using body weight, lean on your client. To increase pressure using body weight, lean on your client.
This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ... This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ...
Nonlinear increase in saturation vapor pressure with increase in temperature. Nonlinear increase in saturation vapor pressure with increase in temperature.
Effect of an Increase in Technological Progress Effect of an Increase in Technological Progress
Cost Accounting 14 Cost Accounting 14
Relative Sizes of Dwarf Planets and Earth Relative Sizes of Dwarf Planets and Earth
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library