Top Posters
Since Sunday
82
a
50
14
10
G
9
I
8
m
8
7
m
7
K
7
6
b
6
New Topic  
parneetgill parneetgill
wrote...
Posts: 330
A week ago

Question 1.

Marginal revenue product of labor for a competitive seller is



the marginal revenue of the product multiplied by the output price.



the change in total product from hiring one more worker.



the output price multiplied by the quantity sold.



equal to the marginal product of labor multiplied by the output price.



Question 2.

Suppose you have worked at a local sandwich shop for six months and now you plan to ask your manager for a raise. How can you convince your manager that you are worth more money than you are currently being paid?



by threatening to quit if he refuses to give you a raise



by demonstrating to your manager the marginal revenue product your employment contributes to the sandwich shop



by convincing him that you are a dedicated worker and ready to take on more responsibilities at the shop



by explaining to him how difficult it is for you to save enough money to go to college

Textbook 

InMicro


Edition: 1st
Authors:
Read 44 times
1 Reply
Replies
Answer verified by a subject expert
macemace
wrote...
Posts: 318
A week ago
Sign in or Sign up in seconds to unlock everything for free.

Answer 1

equal to the marginal product of labor multiplied by the output price.



Answer 2

by demonstrating to your manager the marginal revenue product your employment contributes to the sandwich shop

1

Related Topics

New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  82 People Browsing
 105 Signed Up Today
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 167

Previous poll results: Who's your favorite biologist?
Related Images
 831
 73
 101