--%>
Assignment Help - homework help

Determine marginal resource cost of labor

If hiring hundred extra workers increases the firms total cost through $10,000, and each extra worker increases output from 50 units, in that case on the average: (w) profit will fall by $10,000. (x) the value of the marginal product of labor is $10,000. (y) the marginal resource cost of labor is $10,000. (z) the marginal resource cost of labor is $100.

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 : Substitution Effect within Supply of

    When wage rates rise above $25 per hour in this figure given below, in that case the: (1) worker works more diligently to ensure that she keeps her job. (2) employer pays an excessively high efficiency wage. (3) income effect exceeds the substitution

    		•
  • Q : Elasticity of Demand for Labor in Firm

    Increasing the wage rate increases total wages received through workers when the demand for labor is: (w) relatively elastic. (x) relatively inelastic. (y) unitarily elastic. (z) perfectly elastic.

  • Q : Significant causes giving birth to

    What are the significant causes of business cycle to give birth?

    		•
  • Q : Recovery - Phases of business cycle

    Explain about the term Recovery in phases of business cycle.

    		•
  • Q : Problem regarding the Economic Capital

    Economic capital doesn’t comprise a new: (i) luxury apartment building. (ii) bulldozer. (iii) bond issued by the U.S. Department of the Treasury. (iv) multi-tasking cell phone. (v) paper clip. I need a good a

    		•
  • Q : Recession - Phases of business cycle

    Describe about the term Boom in phases of business cycle.

    		•
  • Q : Substitution and Demands for Resources

    When the relative price of a resource decreases, we would usually expect a firm to employ less units of: (w) that resource due to the substitution effect. (x) that resource because of the output effect. (y) complementary resources due to the substitut

    		•
  • Q : States the term Demand Estimation

    States the term Demand Estimation.

    		•
  • Q : Dominates substitution effect by wage

    The income effect of a small varies in the wage rate dominates the substitution effect for this worker at point: (w) point a. (x) point b. (y) point c. (z) point d.

    Q : Backward bending of individual labor

    The labor supply curve facing a firm or industry is all the time upward sloping still when individual labor supply curves are backward bending since: (w) at higher wages everyone will supply more hours of work. (x) firms never pay wag

    		•