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 107 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
Great answer, keep it coming :)

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Relative Ventricular Size in Chronic Schizophrenics and Controls Relative Ventricular Size in Chronic Schizophrenics and Controls
Effect of an Increase in Technological Progress Effect of an Increase in Technological Progress
Statistics Canada, Labour Force Survey Statistics Canada, Labour Force Survey
How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ... How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ...
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Inflammation

For a complete list of videos, visit our video library