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Title: A firm's demand for labor curve is also called its Post by: lurielbank on Oct 10, 2019 Question 1. A firm's demand for labor curve is also called its ▸ marginal benefit of labor curve. ▸ marginal factor cost of labor curve. ▸ marginal revenue product of labor curve. ▸ marginal valuation curve. Question 2. Table 17-1
Refer to Table 17-1. The marginal product of the fourth unit of labor is ▸ 300. ▸ 75. ▸ 60. ▸ 15. Title: A firm's demand for labor curve is also called its Post by: ccnastopoulos on Oct 10, 2019 Answer 1 marginal revenue product of labor curve. Answer 2 60. Title: A firm's demand for labor curve is also called its Post by: lurielbank on Oct 10, 2019 I appreciate what you did here, answered it correctly :D
Title: A firm's demand for labor curve is also called its Post by: david fabos on Oct 10, 2019 Question 1. Table 17-1
Refer to Table 17-1. If the output price is $3, what is the marginal revenue product of the fifth unit of labor? ▸ $1,050 ▸ $360 ▸ $210 ▸ $150 Question 2. Table 17-1
Refer to Table 17-1. Suppose the output price is $3. If the firm represented in the table is maximizing its profit by hiring six workers, what is the wage rate? ▸ $120 ▸ $65 ▸ $40 ▸ There is insufficient information to answer the question. Title: A firm's demand for labor curve is also called its Post by: eltoro on Oct 10, 2019 Answer 1 $150 Answer 2 $120 Title: A firm's demand for labor curve is also called its Post by: david fabos on Oct 10, 2019 Question 1. Table 17-1
Refer to Table 17-1. Suppose the output price is $3. If the wage rate is $90, what is the profit-maximizing quantity of labor that the firm should hire? ▸ 7 units ▸ 5 units ▸ 4 units ▸ 3 units Question 2. Firms use information on labor's marginal revenue product to determine ▸ how many workers to hire at each wage rate. ▸ how much labor services to supply at each wage rate. ▸ how much to produce at each output price. ▸ how much marginal product to produce at each wage rate. Title: A firm's demand for labor curve is also called its Post by: shamanie on Oct 10, 2019 Answer 1 7 units Answer 2 how many workers to hire at each wage rate. Title: A firm's demand for labor curve is also called its Post by: david fabos on Oct 10, 2019 This helped my grade so much
Title: A firm's demand for labor curve is also called its Post by: shamanie on Oct 10, 2019 :okay:
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