--%>

Marginal Product of Labor in Firm

If this firm maximizes profit, this will be producing under circumstances of: (1) increasing returns to labor. (2) economies of scale. (3) diminishing returns to labor. (4) constant returns to labor. (5) adverse selection and moral hazard.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Managerial Economics

  • Q : Price and output decisions in

    Illustrates the price and output decisions in Monopolistic Competition?

  • Q : Describe the term trend projection

    Describe the term trend projection.

  • Q : Purely competitive labor market in

    When this purely competitive labor market is firstly in equilibrium at D0L , S0L , an increase into labor force participation rates will result within equilibrium being attained at: (w) D0L , S0L . (x) D

  • Q : What are the main features of

    What are the main features of managerial economics?

  • Q : States the term fixed cost in briefly

    States the term fixed cost in briefly.

  • Q : Wealth definition of economics Who is

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

  • Q : Elasticity of the Supply of Labor of

    This supply of labor worker is roughly unitarily wage elastic as the wage rate increases from: (1) $5 per hour to $10 per hour. (2) $5 per hour to $25 per hour. (3) $10 per hour to $25 per hour. (4) $10 per hour to $40 per hour. (5) $25.01 per hour to

  • Q : Making a decision regarding resource

    To make a decision regarding resource hire, the firm should take as: (w) the price of the resource. (x) the productivity (Marginal Price) of the resource. (y) output prices. (z) All of the above. How can I solve my Economic

  • Q : Change in derived demand A change in

    A change in derived demand has most clearly occurred when: (1) poker playing increases in popularity since the World Series of Poker is televised. (2) housing sales decline during recessions. (3) ski sales increase when the snow begins to fall in Octo

  • Q : Wage Rates and Opportunity Costs

    Reasons why workers are often paid more than they could make in their best alternative positions do not include: (1) human capital valued by many firms. (2) membership in a union along with a labor contract. (3) holding a minimum wage job when most unskilled workers a