--%>
Assignment Help - homework help

Problem regarding marginal factor cost of labor

In equilibrium for any of profit-maximizing firm, marginal revenue product of the labor: (i) Is equivalent to the change in net revenue related with selling an extra unit of output. (ii) Surpasses the wage rate by maximum possible. (iii) Equivalents marginal factor cost of the labor. (iii) Surpasses the value of marginal product of capital. (iv) Equivalents the value of marginal product.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Price elasticity of demand at high and

    Moving by left to right along demand curve D, then price elasticity of demand for cheesy fried grits of Pixie is mostly: (w) positive, then unitary, then negative. (x) constant and equivalent to one. (y) greater at high prices than at low prices. (z)

    		•
  • Q : Farm employment Over the past several

    Over the past several decades, farm employment has: A) grown absolutely, but declined as a percentage of total employment. B) declined both absolutely and as a percentage of total employment. C) increased both absolutely and as a percentage of total employment. D) dec

    		•
  • Q : Income Effects-Inferior Goods I have a

    I have a problem in economics on Income Effects-Inferior Goods. Please help me in the following question. When monetary prices drop and the quantity of a good your family purchases reduces as the purchasing power of your family income has risen, the good is a/an: (1)

    		•
  • Q : Market structure of monopoly A monopoly

    A monopoly is a type of market structure in that one: (w) seller produces whole industry’s output. (x) giant firm is a price taker. (y) barrier to entry exists. (z) giant firm is the single buyer of resources.

    Q : Limits to statistical method Limits to

    Limits to statistical method: The mechanics of generating data and undertaking statistical analysis and modeling with that data are relatively straightforward. What is less clear is the process of structuring the scope and content of an empirical stud

    		•
  • Q : Define abnormal profit Abnormal profit:

    Abnormal profit: It is the gain earned over and above the normal profit.

    		•
  • Q : Economic profits in the long run In

    In this illustrated figure in below the firm probably to have economic profits in the long run would be as: (w) Firm A. (x) Firm B. (y) Firm C. (z) Firm D.

    Q : LEAST affected labor in short run The

    The short-run demand for labor would be LEAST affected by the: (w) productivity of the resource. (x) prices of substitute resources. (y) demand for goods produced by the resource. (z) fixed costs of a firm. Hey fri

    		•
  • Q : Single monopoly in market A monopoly is

    A monopoly is a single: (w) seller of differentiated products. (x) producer of a good for that there are no close substitutes. (y) producer of a good for that there are several substitutes. (z) buyer of products into the market.

    Q : Dilemma model of prisoner When the

    When the Kroger grocery chain raises the price of Starbuck’s Frappuccino, in that case Safeway will remain its price the same. Although, if Kroger drops the price of Frappuccino, then Safeway will match the price cut. This kind of behavior conforms to the: (1) s

    		•