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Author Question: Consider the allocation of factors of production to their various uses. Non-monetary considerations ... (Read 47 times)

jrobl3

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on: Oct 12, 2022

Question 1

Consider labour that is hired for $18 per hour. If the last hour hired produces 8 units of output which sells for $2 per unit, that labour-hour adds ________ to the firm's profit and so ________ labour should be hired.
◦ -$2; less
◦ -$128; more
◦ $16; more
◦ $0; no
◦ $16; less

Question 2

Consider the allocation of factors of production to their various uses. Non-monetary considerations tend to be most important in the allocation of
◦ natural resources.
◦ land.
◦ capital.
◦ labour.
◦ raw materials.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jrobl3 on Oct 12, 2022

ludadtpb

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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.
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jrobl3

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

isabelt_18

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Reply 3 on: Yesterday
Excellent

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