Business, 25.11.2021 07:00, vjacksongonzalez

A profit-maximizing firm will employ one additional unit of a resource if themarginal revenue product of that unit isgreater than the marginal cost of that unit. Suppose a firm uses skilled workers, unskilled workers, and machines in the production of cell phones. Which of the following conditions will be true when the firm minimizes per-unit costs of production? a. MP of Skilled Labor/Price of Skilled Labor > MP of Unskilled Labor/Price of Unskilled Labor > MP of a Machine/Price of a Machine.
b. MP of Skilled Labor/Price of Skilled Labor > MP of Unskilled Labor/Price of Unskilled Labor > MP of a Machine/Price of a Machine.
c. MP of Skilled Labor/Price of Skilled Labor = MP of Unskilled Labor/Price of Unskilled Labor = MP of a Machine/Price of a Machine.
d. MP of Skilled Labor/Price of Skilled Labor = MP of Unskilled Labor/Price of Unskilled Labor > MP of a Machine/Price of a Machine.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 22:00, mpete1234567890

Select the correct answers. mila is at a flea market. she has $50 in her wallet. she decides that she will spend $15 on jewelry, $20 on a pair of jeans, $5 on a t-shirt, and $10 on something to eat. she likes a one-of-a-kind t-shirt, but the seller is not ready to sell it for less than $8. she thinks of five ways to deal with this situation. which two choices indicate a trade-off?

Answers: 3

continue

Business, 22.06.2019 09:00, episodegirl903

You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer

Answers: 3

continue

Business, 22.06.2019 11:30, emocow

1. regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool. student c incorrect

Answers: 2

continue

Business, 22.06.2019 12:40, notorius315

Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?

Answers: 2

continue

Do you know the correct answer?

A profit-maximizing firm will employ one additional unit of a resource if themarginal revenue produc...