Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Ryanteck Ryanteck
wrote...
Go to Answer
Posts: 559
Rep: 0 0
6 years ago
Assuming labor is the only variable factor of production, production of a good will occur
A) as long as the marginal revenue product of labor is positive.
B) if society values a good more than it costs firms to hire the workers to produce the good.
C) if the marginal cost of a unit of output equals the marginal revenue product of labor.
D) as long as the productʹs price is greater than the marginal revenue product of labor.
Read 106 times
1 Reply
Replies
Answer verified by a subject expert
DeToXiFYDeToXiFY
wrote...
#1
Top Poster
Posts: 668
Rep: 11 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

Ryanteck Author
wrote...

6 years ago
Smart ... Thanks!
Fanmkreyol
wrote...

Yesterday
Thanks for your help!!
taydav
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1283 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1044
  
 1927
  
 7451