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

Author Question: What is the profit-maximizing condition for the use of any factor of production?(Where MP = marginal ... (Read 116 times)

Austinleez3

  • Full Member
  • ***
  • Posts: 158
on: Oct 12, 2022

What is the profit-maximizing condition for the use of any factor of production?
(Where MP = marginal product, w = the price of a factor of production, p = price of one unit of the firm's output, MR = marginal revenue, MC = marginal cost, MRP = marginal revenue product.)


◦

MR = 


◦ MC = MR × w
◦ MRP = MR × MC
◦ MRP = MP × p
◦ w = MP × p
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 Austinleez3 on Oct 12, 2022

Afvelasquez

  • Full Member
  • ***
  • Posts: 193
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


Austinleez3

  • Member
  • Posts: 158
Reply 2 on: Oct 12, 2022
Excellent

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

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?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
Hyperopia (farsightedness). In the uncorrected top figure, the image would come into focus behind th Hyperopia (farsightedness). In the uncorrected top figure, the image would come into focus behind th
Placenta previa. The condition is caused by the development of the placenta over the cervical canal, Placenta previa. The condition is caused by the development of the placenta over the cervical canal,
Production of monoclonal antibodies Production of monoclonal antibodies
The production of electricity from coal is inefficient The production of electricity from coal is inefficient
Structures of Voice Production Structures of Voice Production
Video: Anaphylaxis Animation

For a complete list of videos, visit our video library