The quantity of labor that a profit maximizing firm will employ, holding other input factors constant, is the level at which:() A. the marginal revenue product of labor is equal to the wage rate. B. the marginal product of labor is equal to the marginal cost of labor. C. one more un...
Themarginalrevenueproductoflaboris Instructor: Hirofumi Shimizu Economics 101 Section 8 Third Midterm Exam Fall 1999 Exam 3A Mark the one best answer to each of the following 30 multiple choice questions on the answer sheet.Be sure to mark the answer by the corresponding question number on the ...
Instructor:HirofumiShimizuEconomics101Section8ThirdMidtermExamFall1999Exam3AMarktheonebestanswertoeachofthefollowing30multiplechoicequestionsontheanswersheet.Besuretomarktheanswerbythecorrespondingquestionnumberontheanswersheet.Donotmakeanystraymarksonyouranswersheet.1.Themarginalrevenueproductoflabor(MRPL)is(a)the...
The marginal product of labor is defined as the change in? revenue per additional unit of labor.output per additional unit of revenue.revenue per additional unit of output.output per additional unit of labor.相关知识点: 试题来源: 解析 output per additional unit of labor....
The marginal product of labor is the change inA.total cost from employing one more worker.B.total revenue from employing one more worker.C.average product from employing one more worker.D.total output from employing one more worker.E.total output divided
Therefore, it is the additional revenue that a firm gets from hiring one more unit of a variable input.Answer and Explanation: Become a Study.com member to unlock this answer! Create your account View this answer False. The marginal revenue product of labor is calculated...
The marginal revenue product of labor is equal to: MR× Wage. MR + Wage. MPL + P. MPL× P.There are 3 steps to solve this one. Solution Share Step 1 Marginal revenue:- Marginal revenue (MR) represents the exchange in overall sales attributable to ge...View...
The additional output that results from employing one more unit of a productive input is the marginal product. The gain in total revenue from selling one more unit of output is the marginal revenue. A marginal revenue product exists for any level of output; it is not limited to the level ...
百度试题 结果1 题目 The marginal revenue of the 100th unit is $___ and demand is ___ at this point. A. 15;inelastic B. 10;elastic C. 12;elastic D. 15;elastic E. 12;inelastic 相关知识点: 试题来源: 解析 C) 12 ; elastic 反馈 收藏 ...
Marginal Product of Labor: The marginal product of labor is the additional number of outputs that will be created if a firm increased the number of...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can ans...