Marginal factor-Costs problem

I have a problem in economics on Marginal factor Costs. Please help me in the given question. The synonymous words marginal factor costs or marginal resource costs signify to the: (p) Cost incurred in generating an additional unit of the capital. (q) Cost to the resource owner of securing employment for resource. (r) Additional cost included in hiring the additional unit of a resource. (s) Modification in total cost related with the production of one more unit of the output.

Choose the correct option from the above.

View Complete Question

Related Questions in Microeconomics

Q : Total costs incur by profit-maximizing

Hybrid Roses is the merely florist in 60 miles of Presidio, Texas. When total fixed costs (for example, rent and utilities) are $9 per hour, that profit-maximizing monopolist will incur total costs of around: (w) $20 per hour. (x) $27

Q : Problem on Jurisdictional Strikes The

The Taft-Hartley Act prohibited strikes against the firm over the issue of which of two or more competing unions would symbolize the firm’s employees. These strikes are termed as: (i) Jurisdictional strikes. (ii) Strategic representation strikes

Q : Raising prices raises total costs for

Total revenue at your fried hushpuppy stand has been declining currently. Your partner persevere that increasing hushpuppy prices will increase total revenue, although you believe only as fervently which lowering prices will produce more total revenue

Q : Minimum average variable cost at

When the minimum average variable cost exceeds price, in that case a firm produces: (w) where MR = MC into the short run. (x) only in the long run. (y) in the short run although shuts down in the long run. (z) nothing in the short run.

Q : Total revenue maximize by profit

A profit maximizing monopoly which does not price discriminate will not: (w) produce in the elastic portion of the market demand curve. (x) experience raised total revenue when it reduces the price. (y) equate marginal revenue and mar

Q : Problem of what to produce Describe the

Describe the problem of What to produce?

Q : Reasonable analytic objection to land

A reasonable analytic objection to the argument which full taxation of economic rents would not hinder allocative efficiency is about: (w) reducing income streams by rents does reduce the incentive of the resource owner to acquire the transaction cost

Discover Q & A

Leading Solution Library

Avail More Than 1457743 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1941485
Asked

3,689

Active Tutors

1457743

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment