--%>
Assignment Help - homework help

essay

why is marginal revenue product=marginal resource cost a formula for profit maximization?

   Related Questions in Microeconomics

  • Q : Split roughly burden of tax The burden

    The burden of an excise (i.e., per unit) tax would be divide roughly fifty by fifty on consumers and suppliers of the taxed good within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

  • Q : Means of GDP Provide the solution of

    Provide the solution of this question. The GDP is the: A) monetary value of all final goods and services produced within a nation in a particular year. B) national income minus all nonincome charges against output. C) monetary value of all economic resources used in p

    		•
  • Q : Most likely resources in short run I

    I have a problem in economics on most likely resources in short run. Please help me in the following question. The most probable of the given resources to be fixed for the farmer in short run would be: (1) Land. (2) Labor. (3) Fertilizer. (4) All the above would be of

    		•
  • Q : Annual total revenue when profit

    When Nostalgia Corporation maximizes profit in its production of Silver Screen DVDs, in that case its annual total revenue will be roughly: (i) $40 million. (ii) $60 million. (iii) $80 million. (iv) $100 million. (v) $120 million.

    		•
  • Q : Shifting in market demand curve The

    The expectations which proposed new tariffs will be enacted which will raise the future prices and accessibility of digital cameras will: (1) Not affect the present demand for cameras. (2) Cause consumers to move up all along their market demand curve. (3) Not influen

    		•
  • Q : Agency Shop Agreements-Labor contracts

    I have a problem in economics on Agency Shop Agreements-Labor contracts. Please help me in the following question. The labor contracts having agency shop arrangements need: (1) Staff of the firm to pay dues to union. (2) The firm to hire just union me

    		•
  • Q : Natural barriers to entry technology

    Natural barriers to entry would include: (w) long established brand loyalty. (x) enforcement of existing antitrust laws. (y) technology which dictates large plant size. (z) patents and copyright laws. Can anybody s

    		•
  • Q : Demonstrate supply curve for price

    The quantity supplied is ever more sensitive as output increases, therefore the price elasticity of supply raises as the price raises for the supply curve demonstrated in: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

  • Q : Problem-market supply of labor Can

    Can someone please help me in finding out the accurate answer from the following question? The marginal resource cost for monopsonist in the labor market which can’t wage discriminate: (p) Is perfectly elastic. (q) Is perfectly inelastic. (r) Lies above the mark

    		•
  • Q : Effect of economic prosperity on demand

    Precisely predicting the effect of economic prosperity upon the demand for mass transit would be excellent facilitated by a good calculates approximately of the: (w) slope of the demand curve for mass transit. (x) price elasticity of

    		•