The value of marginal product of labor increases if ________. A. More labor is hired B. More

Question:

The value of marginal product of labor increases if ________.
A. More labor is hired
B. More of the good is produced
C. The market price of the good produced rises
D. Using a new technology reduces the demand for labor

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

See More Books

Question Posted: Jan 06, 2023 12:17 AM

See More Questions

Calculate the value of marginal product of labor and draw the value of marginal product curve. Wanda owns a fish store. She employs students to sort and pack the fish. Students can pack the amounts...
What is the relationship between the value of marginal product of labor and the marginal product of labor?
What is the value of marginal product of labor?
Let f: RR be a differentiable function such that its derivative f' is continuous and f(n) = 6. If F: [0, 1 by F(x) = f(t)dt, , and if ] R is defined (f'(x)+F(x)) cosx dx = 2 0 then the value of f(0)...
What is the impact of lack of coordination on the performance of a supply chain?
Depending on ones personal experience in obtaining health care, or ones view of the role of physicians in society, of law as a tool for social change, of the scope of medical ethics, or of the United...
Evaluate each CART model using the Loans_test data set. Provide contingency tables. Compare the model costs, as in Table 21.4.
On January 2, 2008, P Company, a U.S.-based company, acquired for 2,000,000 francs an 80% interest in SFr Company. On January 2, 2008, SFr Company reported a retained earnings balance of 480,000...
Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 1/10, n/30). Mar. 1 Purchased $35,000 of merchandise from Van Industries,...
Megafund financing methods for funding early-stage translational research often require billions of dollars in capital to diversify idiosyncratic scientific and clinical risk enough to attract...
If your college switched to online delivery of its courses, what changes do you predict would occur in the factor markets in the town where your college is located?
A firms demand for labor is determined by ________. A. The market wage rate B. The price of the good that the firm produces and the wage rate it pays C. The marginal product of labor and the market...
Do you feel that you would make a good revenue management professional? Why or why not?
Problem Statement | Nessie, the wonder-dog, is sprinting at a constant 10.0 m/s in a straight Useful Equations line. After passing point A, she slows to a stop with a constant acceleration of 1.79...
1) How much work does a supermarket checkout attendant do on a can of soup he pushes 0.810 m horizontally with a force of 5.60 N? Express your answer in joules and kilocalories. (For each answer,...
You are working as a junior developer at Smashing Websites Ltd. You are part of a team of junior developers that have recently joined the organisation. Smashing Websites provide services to a range...
3. Consider the system x + y + bz x+by+4z = 2 = 1 ax+ay + 2z == a In each case, determine all values of a and b which give the indicated number of solutions, if possible. If no such a and b exist,...
Income statements for Fanning Company for Year 3 and Year 4 follow. FANNING COMPANY Income Statements Year 4. Sales $200,200 Year 3 $180,200 Cost of goods sold. 143,800 121,800 Selling expenses...
The following cash transactions occurred in five real-world companies: 1. During the third quarter of 2016 (July 1 through September 30), Ford Motor Company paid approximately $31.5 billion in...
In a nonmagnetic medium, E = 50 cos (10 9 t 8x) a y + 40 sin (10 9 t 8x) a z V/m find the dielectric constant r and the corresponding H.
Toyota will continue to produce 3 million cars per year and will use the balance of its resources to upgrade its workers skills and create new technology. In three years time, Toyota plans to produce...
Music retailing is changing: Sony Music and Amazon are selling online, discount stores are selling at low prices, and downtown music re tailers are all struggling. a. Draw the PPF curves for downtown...
Explain how we read the three scatter diagrams in Figs. A1.3 and A1.4 . Data from in Figure A1.3 FIGURE A1.3 A Scatter Diagram Movie Iron Man 3 The Hunger Games: Catching Fire Despicable Me 2 Man of...
1,600 Balance Sheet The following is a list (in random order) of KIP International Products Company's December 31, 2019, balance sheet accounts: Additional Paid-In Capital on Preferred Stock $2,000...
Question 3 4 pts 9 x + 3 x 9 if x 0 Find a) lim f(x), b) lim, f(x), C), lim , f(x) if they exist. 3 Edit View Insert Format Tools Table : 12pt M Paragraph B IV A2 Tv
Mr. Geoffrey Guo had a variety of transactions during the 2019 year. Determine the total taxable capital gains included in Mr. Guo's division B income. The transactions included: 1. On January 1,...

The value of marginal product of labor increases if ________. A. More labor is hired B. More

Question:

Step by Step Answer:

c The value of marginal product ...View the full answer

Foundations Of Economics

Students also viewed these Business questions