Business, 22.05.2020 19:02, smilebehappy468

Under perfect competition, the equilibrium price of labor used to produce cloth will be equal to:.A) the average product of labor in the production of cloth times the price of cloth. B) the slope of the production possibility frontier. C) the price of cloth divided by the marginal product of labor in the production of cloth. D) the marginal product of labor in the production of cloth times the price of cloth.
E) the ratio of the marginal product of labor in the production of cloth to the marginal product of labor in the production of food times the ratio of the price of cloth to the price of food.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 14:30, jessebeck0805

At which level will a manager use analytics to make decisions? operational level managerial level strategic level all of the above

Answers: 3

continue

Business, 22.06.2019 11:50, CheddaDsk

What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.

Answers: 2

continue

Business, 22.06.2019 12:40, hardwick744

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false

Answers: 3

continue

Business, 22.06.2019 17:50, nuggetslices

On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?

Answers: 2

continue

Do you know the correct answer?

Under perfect competition, the equilibrium price of labor used to produce cloth will be equal to:.A)...