Business

Business, 02.09.2019 16:30, Jmarie08

True or false: marginal analysis involves comparing the additional or extra benefit derived from consuming an additional unit of a product or service to the additional cost of consuming that unit of the product or service.

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Business, 26.06.2019 23:00, trevinojazzy8625

Aprofit-maximizing firm will use more of a factor of production when: the extra cost of using an additional factor unit is less than the marginal revenue product of the additional factor unit. the extra cost of using an additional factor unit is less than the marginal physical product of the additional factor unit. the marginal physical product of the additional factor unit is greater than the marginal revenue product (mrp) of the additional factor unit. the marginal physical product of the additional factor unit is less than the marginal revenue product of the additional factor unit. apply your answer as an argument to the labor market—when the wage rate is below the mrp, the firm should hire workers. therefore, what is the relationship between a perfectly competitive firm's mrp curve for an input and that firm's demand curve for that input

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Business, 15.07.2019 03:00, littlemiss114lp5woqn

What is the difference between marginal values and average values? a. marginal values show the benefit or cost from consuming one unit of a good, while average values are the benefit or cost from consuming all units of a good. b. marginal values show the additional benefit or cost from consuming an additional unit of a good, while average values are the benefit or cost per unit of a good. c. marginal values show the ordinal benefit or cost from consuming an additional unit of a good, while average values are the cardinal benefit or cost from consuming an additional unit of a good. d. marginal values show the benefit from consuming an additional unit of a good, while average values are the cost from consuming an additional unit of a good. e. marginal values show the total benefit or cost from consuming a good, while average values are the total benefit or cost from consuming a good divided by the amount of the good consumed?

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Business, 29.08.2019 16:30, netflixacc0107

Involves comparing the costs and benefits of consuming or producing one additional unit of a good or service. marginal analysis a non-market method sharing equally

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Business, 21.09.2019 06:30, alexis3744

Involves comparing the costs and benefits of consuming or producing one additional unit of a good or service. marginal analysis a non-market method sharing equally

Answers: 1

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