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Home Q & A Board Other Fields Homework Help Business Economics
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treetreee treetreee
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5 years ago

Question 1.

If marginal costs differ quite substantially from average total costs, then using a cost-plus pricing schedule will not lead to the profit-maximizing price.

• true

• false

Question 2.

Marginal revenue product can be calculated using the formula marginal product × output price

• only if output price is constant.

• only if the marginal product of labor is constant.

• only if the both marginal product of labor and the output price are constant.

• only if the firm has market power in the labor market
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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IsackIsack
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#1
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5 years ago
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treetreee Author
wrote...

5 years ago
Good timing, thanks!
jmelchor77
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Brownr40
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2 hours ago
Just got PERFECT on my quiz
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