--%>
Assignment Help - homework help

Problem on Marginal resource costs

Can someone help me in finding out the right answer from the given options. The synonymous words marginal factor costs or the marginal resource costs signify to the: (i) Cost incurred in generating an additional unit of capital. (ii) Cost to the resource owner of securing the employment for resource. (iii) Extra cost included in hiring the additional unit of the resource. (iv) Modification in net cost related with the production of one more unit of the output.

   Related Questions in Microeconomics

  • Q : Trends in Income Distribution The year

    The year in that a long-run trend towards greater equality within the U.S. income distribution was reversed, therefore income since then has become less equally distributed, it was roughly: (w) 1945. (x) 1960. (y) 1975. (z) 1990.

    Q : Maximum possible total revenue by sales

    Maximum possible total revenue by sales of the especially popular St. Valentine’s Day software is about: (i) $140 million. (ii) $250 million. (iii) $350 million. (iv) $420 million. (v) $1 billion.

    Q : Competition in Labor Markets The

    The horizontal labor supply curve signifies that: (i) The supply of labor is perfectly inelastic. (ii) The firm can hire as much labor as it requires at going wage rate. (iii) Labor and capital are in the fixed supply. (iv) Marginal physical product of the labor is co

    		•
  • Q : Problem related to budget line Refer to

    Refer to the budget line illustrated in the diagram given. If the consumer's money income is $20, the: 1) prices of C and D cannot be determined.2) price of C is $2 and the price of D is $4. 3) consumer can obtain a combination of 5 units of both C and D. 4)

    		•
  • Q : Income floor by marginal tax rate A

    A marginal tax rate of 75 percent and an income floor of ____ give in a break-even level of income of $8,000. (w) $2,000. (x) $4,000. (y) $6,000. (z) $16,000. Hello guys I want you

    		•
  • Q : Concentration ratio Explain the concept

    Explain the concept of a concentration ratio.  Is the concentration ratio in a monopolistically competitive industry likely to be higher than for a perfectly competitive industry

    		•
  • Q : Profit-maximizing level of output When

    When LoCalLoCarbo, the favorite corporation of fad dieters, produces adequate output to minimize its average total costs that will: (1) produce more than the profit-maximizing level of output. (2) concurrently minimize its average variable cost. (3) p

    		•
  • Q : Economics surpluses drives price down,

    surpluses drives price down, shortages drives them up

    		•
  • Q : Explain the term GNI per capita How do

    How do you explain the term GNI per capita?

    		•
  • Q : Flatter demand curves for goods Demand

    Demand curves tend to be flatter for goods such that: (w) are necessities than for luxury goods. (x) absorb smaller shares of family income. (y) have more close substitutes obtainable. (z) have more close complements within consumption.