--%>

Profit Maximization problem

Can someone help me in finding out the right answer from the given options. The Firms adjust their inputs of the labor or other resources till: (1) Revenue is maximized. (2) Employment is maximized. (3) Marginal product of the labor is maximized. (4) Gain is maximized.

   Related Questions in Microeconomics

  • Q : Complements for good Can someone help

    Can someone help me in finding out the right answer from the given options. Price hikes outcome less substitution away from a good the more: (i) Close substitutes there are for good. (ii) Various uses there are to which the good was place at lower price. (iii) Extende

  • Q : Least Relative Market Interest Rate

    Market interest rates are least associated to the: (1) willingness of people to defer consumption (to save) when they are rewarded for doing so. (2) relative liquidities of alternative financial assets. (3) marginal productivity of new capital relativ

  • Q : Process of Privatization The

    The Privatization is a process by which ‘for-profit’ business firms: (1) Transform small entrepreneurships into big corporations. (2) Hiring professional administrators to assist manage operations. (3) Vend corporate stocks and bonds to safe the economic c

  • Q : Problem on decline in demand function

    In the month of January, Disney World in Florida cut its ticket prices into half and starts letting all kids beneath age five without charge. The economic forecaster might reasonably expect: (1) A decline in demand for the tickets to Disney Land in California. (2) A r

  • Q : Marginal factor-Costs problem I have a

    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 resou

  • Q : Limitation of economies capacity I have

    I have a problem in economics on Production Possibilities Frontiers. Please help me in determining the right answer from the following question. The economy’s capacity to generate/make is NOT limited by the: (i) Amount of resources accessible. (

  • Q : Negative income tax in welfare system

    Relation to the current U.S. welfare system, a suitable negative income tax plan would: (1) be much more difficult and more expensive to administer. (2) reduce some of the current disincentives for work. (3) result in a substantial de

  • Q : Limitation in Lorenz curve A Lorenz

    A Lorenz Curve cannot be used to demonstrate scientifically how the: (w) income is distributed among members of society. (x) wealth is distributed in between members of society. (y) taxes alter the distribution of income. (z) income must be distribute

  • Q : Characterize market structure of

    The market structure of monopoly is characterized by: (w) a single firm producing a good which lacks close substitutes. (x) differentiated products produced by various firms. (y) marginal revenue or say MR less than price for several firms. (z) extens

  • Q : Changes in price influencing supply

    Describe how changes in the prices of other products influence the supply of a specific product.