Top Posters
Since Sunday
w
5
a
3
j
2
a
2
t
2
u
2
r
2
j
2
j
2
l
2
d
2
y
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
whipped whipped
wrote...
Go to Answer
Posts: 560
Rep: 0 0
7 years ago
Which of the following statements correctly identifies a difference between labor and capital?
A) Capital can be rented or owned by a firm, but labor cannot be owned.
B) Labor can be rented or owned by a firm, but capital cannot be owned.
C) Labor is hired until a point where the marginal product of labor equals the price of labor, whereas capital is hired until a point where the average product of capital equals the price of capital.
D) Labor is hired until a point where the average product of labor equals the price of labor, whereas capital is hired until a point where the marginal product of capital equals the price of capital.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
Read 115 times
1 Reply
Replies
Answer verified by a subject expert
losteinlostein
wrote...
#1
Top Poster
Posts: 583
Rep: 31 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
Only I can change my life. No one can do it for me.

Related Topics

whipped Author
wrote...

7 years ago
Helped a lot
djeghri
wrote...

Yesterday
Correct Slight Smile TY
aricketts6@
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1765 People Browsing
 179 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 2455
  
 1117
  
 285
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 365
Previous poll results: Who's your favorite biologist?