When labor is the only input a firm uses, the marginal cost of a unit of output can be defined as
A. the marginal revenue multiplied by the wage.
B. the marginal product of labor multiplied by the wage.
C. the wage divided by the marginal product of labor.
D. the marginal product of labor divided by the wage.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When labor is the only input a firm uses, the marginal cost of a unit of output can be defined as A. the marginal revenue multiplied by the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Menu costs refers to a. the distortion in incentives created by inflation when taxes do not adjust for inflation. b. resources used by people to maintain lower money holdings when inflation is high. c.
Answers (1)
Why is it important to reflect on how the interview went after it's over? so you can figure out if you got the job or not so you know what to say when the interviewer calls so you can improve on what didn't go well and think of a better answer so
Answers (1)
Knollcrest Corporation has a cumulative book loss over the 36 months. Which of the following statements best describes how this fact enters into the valuation allowance analysis?
Answers (1)
A company's perpetual preferred stock currently sells for $92.50 per share, and it pays an $8.00 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 5.00% of the issue price.
Answers (1)
Italian Stallion has the following transactions during the year related to stockholders' equity February 1 Issues 5,900 shares of no-par common stock for $15 per share. May 15 Issues 700 shares of $10 par value, 12% preferred stock for $12 per share.
Answers (1)
New Questions in Business
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances include the following account information:30-Nov 31-Decdebit credit debit creditsupplies $ 2,000 $ 3,500 prepaid
Answers (1)
Which of the following is a feature of a debit card? A. more flexibility B. paying off purchases over time C. interest charge D. requires a linked bank account
Answers (1)
The Mello Company was recently started and had the following transactions: A. Owner's invest $8,000 in the company B. Purchased $1,625 of equipment C. Purchased $4,000 of inventory D. Borrowed $1,200 from a bank E. Paid $750 rent on office space F.
Answers (1)
Suppose the current exchange rate for the Polish zloty is Z 2.92. The expected exchange rate in three years is Z 3.00.
Answers (1)
Jesse would never have thought that his own trademarked children's toys would be flooding a parallel market and competing against him. Now he needs to contact his attorney to see what remedy he has in order to mitigate his damages.
Answers (1)