--%>

Costs of firm by adding revenue in them

When the last worker hired adds extra to the firm’s revenue in that case to the firm’s cost: (w) hiring the last worker causes profit to rise. (x) hiring the last worker causes profit to fall. (y) the firm should stop hiring workers. (z) marginal resource cost is decreasing.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Managerial Economics

  • Q : Aggregate Supply of Labor Labor

    Labor supplies for the economy as an entire are LEAST determined through: (w) labor unions. (x) wage rates and structures of wages. (y) education and training of the work force. (z) labor force participation rates. Hey friends plea

  • Q : Wage Differentials by Adam Smith Adam

    Adam Smith would have had the greatest complexity in describing income differentials as depends on scarcity and productivity for the case wherein: (1) Holly lives into New York City and is paid more than Devin, who has a same job in K

  • Q : Profit Maximization in Labor Market and

    As a firm is a pure competitor in both the labor market and during the sale of its product, this will hire labor where: (w) profit is maximized. (x) marginal revenue product = marginal resource cost. (y) wage = value of the marginal product. (z) All o

  • Q : Explain the way of Price Elasticity of

    Explain the way of Price Elasticity of Demand.

  • Q : Very high fixed costs in contestable

    A market is improbable to be contestable when entry needs new firms to incur very high: (w) variable costs. (x) fixed costs. (y) principal-agent problems. (z) marginal costs. I need a good answer on the topic of Economics <

  • Q : Slope downwards demand curves for Labor

    Derived demand curves for labor slope downwards since: (w) additional workers are usually less skilled and thus deserve lower wages. (x) when another resource is fixed, hiring more workers ultimately reduces output per hour worked. (y) higher wages us

  • Q : Illustrates the characteristics of

    Illustrates the characteristics of Oligopoly?

  • Q : Wealth definition of economics Who is

    Who is the father of economics and what is wealth definition of economics?

  • Q : Statements about Human Capital Which of

    Which of the given statements is not CORRECT: (w) Acquiring productive skills is known as investment in human capital. (x) General training increases a worker’s marginal productivity equally for many firms. (y) Specific training increases the productivity of the

  • Q : Illustrates opinion of Samuelson to

    Illustrates the opinion of Samuelson for explaining Law of Demand?