The marginal resource cost of an input a. is the amount an added unit of an input

Question:

The marginal resource cost of an input

a. is the amount an added unit of an input adds to a firm’s total cost.

b. exceeds the market wage in a competitive industry.

c. is less than the market wage in a competitive industry.

d. is characterized by both (a) and (b).

e. is characterized by both (a) and (c).

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

Step by Step Answer:

Related Book For book-img-for-question

Exploring Microeconomics

ISBN: 9781544339443

8th Edition

Authors: Robert L. Sexton

See More Books

Question Posted: May 19, 2024 08:01 AM

See More Questions

Below are the income statements of two companies: Jewellery Company (which sells jewelry) and Grocery Store Company (which is a grocery store chain). Based on the table below that shows the gross...
If Tina Tax preparer is trying to computer her client's adjusted gross income, which of the following will not be considered miscellaneous itemized deductions? As an armed forces reservist, the...
X Corp, an S corporation with 1 shareholder, incurred the following items in Year 1 and Year 2: Year 1 Tax-exempt income $5,000 Ordinary income 30,000 Year 2 Ordinary loss (40,000) Cash distribution...
Which of these statements is false? A. Assets = Liabilities + Equity B. Assets Liabilities = Equity C. Liabilities Equity = Assets D. Liabilities = Assets Equity
Refer to the Fischer projection of D-(+)-xylose in Figure 25.2 (Section 25.4) and give structural formulas for (a) (-)-Xylose (Fischer projection) (b) D-Xylitol (c) -D-Xylopyranose (d)...
Show that the differential equation ofEq. (30.20) is satisfied by thefunctionq q = Qcos (wt + ), with w given by I/LC.
What information must an enterprise report for each of its material operating segments? LO3
The Starr Co. just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year, indefinitely. If investors require a return of 11...
1) DrissCo Enterprises' accountant determined the following: Common stock. $0.01 par value 550.000 Where would this item be reported ou DrissCo's financial statements? O On both the balance sheet and...
In a competitive labor market, a. a firm is a wage taker. b. a firm can hire all the labor it wishes to at the market wage. c. a firm hires a small fraction of the total market quantity of labor...
Marginal revenue product a. is the additional revenue that a firm obtains by employing one more unit of an input. b. will increase if an inputs productivity increases. c. will decrease if the price...
Leonard is looking at the style classification from Asgard as reported by Morningstar and Thomson Reuters Lipper. He is surprised to find that Asgard is classified as a blend fund by Morningstar and...
Consider a piston with an orifice in a cylinder filled with a fluid of viscosity $\mu$ as shown in Fig. 1.106. As the piston moves in the cylinder, the fluid flows through the orifice, giving rise...
Add a function to SmallWorld that computes the global clustering coefficient of a graph. The global clustering coefficient is the conditional probability that two random vertices that are neighbors...
Show that the generators of the algebra (33.8) are related by parity. For a Dirac wavefunction the action of parity is $P \psi(\boldsymbol{x}, t) P^{-1}=\gamma_{0} \psi(-\boldsymbol{x}, t)$, up to a...
Extend the algorithm you designed for Exercise 6.2 so that it can evaluate positions that are nonterminalin other words, positions where the game has not yet finished. Your score should be positive...
In addition to tanh, another s-shaped smooth function, the logistic sigmoid function y=1 / (1+exp(x)), is commonly used as an activation function in neural networks. A common way to implement them in...
Two years after a successful public offering, the CEO of a biotechnology company is concerned about stock market uncertainty surrounding the potential of new drugs in the development pipeline. In his...
Define deferred revenue. Why is it a liability?
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company...
Brief Exercise 10-6 Flint Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $327,600. The estimated fair values of the assets are land $62,400, building...
"faithful respresentation" is the overriding principle that should be followed in ones prepaparation of IFRS-based financial statement. what is it? explain it fully quoting IAS. how this this...

The marginal resource cost of an input a. is the amount an added unit of an input

Question:

Step by Step Answer:

Exploring Microeconomics

Students also viewed these Business questions