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Phantasy [73]
3 years ago
11

A firm will find it profitable to hire workers up to the point at which their rev: 06_21_2018 Multiple Choice marginal resource

cost equals their wage rate. wage rate equals product price. MP is equal to their MRP. marginal resource cost is equal to their MRP.
Business
1 answer:
Nataliya [291]3 years ago
4 0

Answer:

marginal resource cost is equal to their MRP

Explanation:

A business's profit will maximize when its marginal resource cost equals its marginal revenue product.

Marginal revenue product calculated by multiplying the marginal physical product (MPP) times the marginal revenue (MR), e.g. an additional worker can produce 10 units and each unit costs $10, MRP = 10 x $10 = $100

Marginal resource cost is the cost of using an additional unit of input, e.g. cost of hiring an additional worker.

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11 months ago
All things equal, a magma will have __________ viscosity than a lava
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The answer to this question is Lower
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3 years ago
TB MC Qu. 1-150 Haack Inc. is a merchandising company ... Haack Inc. is a merchandising company. Last month the company's cost o
Sever21 [200]

Answer:

$87,200

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3 years ago
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Answer:

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