Business, 16.10.2019 04:10 cynthiauzoma367
We can show that a profit-maximizing firm will hire the number of workers such that the wage is equal to the value of the marginal product of labor. but, as the text showed in an earlier chapter, a profit-maximizing firm will produce the quantity of output such that price equals marginal cost. are these two rules inconsistent?
Answers: 2
Business, 22.06.2019 03:50, raieliz1414
Suppose that a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zenland can produce either 5 units of organic grain or 15 units of incense per year. there are 20 workers in agland and 10 workers in zenland. currently the two countries do not trade. agland produces and consumes 100 units of grain and 20 units of incense per year. zenland produces and consumes 50 units of grain and no incense per year. if each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by a. 30 units of grain and 100 units of incense. b. 30 units of grain and 150 units of incense. c. 50 units of grain and 90 units of incense. d. 50 units of grain and 130 units of ince
Answers: 1
Business, 22.06.2019 10:30, darius7967
True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.
Answers: 2
Business, 22.06.2019 16:30, AriaMartinez
Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.
Answers: 2
Business, 22.06.2019 17:50, hinokayleen5053
Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.
Answers: 1
We can show that a profit-maximizing firm will hire the number of workers such that the wage is equa...
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