--%>
Assignment Help - homework help

Marginal Resource Costs problem

Can someone please help me in finding out the accurate answer from the following question. The synonymous words of marginal factor costs or marginal resource costs signify to the: (i) Cost incurred in generating an extra unit of capital. (ii) Cost to the resource owner of securing employment for resource. (iii) Additional cost included in hiring an extra unit of a resource. (iv) Modification in total cost related with the production of one more extra unit of output.

   Related Questions in Microeconomics

  • Q : Cost and revenue assume the firm is a

    assume the firm is a price taker and faces a market price of €60 per unit. draw the AR and MR curves

    		•
  • Q : Decrease prices as firms enter the

    When most firms in a competitive industry experience economic profits, in that case long run competitive pressures tend to cause: (w) greater economic profits. (x) prices to decrease as firms enter the industry. (y) industry output to fall. (z) severa

    		•
  • Q : Labor Unions-History problem Can

    Can someone please help me in finding out the accurate answer from the following question. The Carpenter's Society of the Philadelphia: (i) Was established in the year 1924. (ii) Functioned government contracts throughout the Great Depression. (iii) Bargained for the

    		•
  • Q : Problem on Ceteris Paribus Can someone

    Can someone please help me in finding out the accurate answer from the following question. Supposing everything to be constant apart from the variables being studied is termed as the: (1) Ceteris paribus assumption. (2) Ex post facto assumption. (3) Post hoc ergo prop

    		•
  • Q : Monopsonistic labor market-wage

    In the monopsonistic labor market in which wage discrimination is not possible, the raise in the minimum wage: (i) Essentially outcomes in less employment and higher wages. (ii) Might result in both the higher level of employment and the higher wage rate. (iii) Unifor

    		•
  • Q : Stable negatively-sloped demand curve

    Assume that a monopolist face a stable negatively-sloped demand curve. Making more sales needs the monopolist to: (1) advertise its product. (2) decrease the price of the product. (3) lower its marginal revenue. (4) improve its technology. (5) increas

    		•
  • Q : Condition for long-run equilibrium

    Which of the given is NOT a condition for long-run equilibrium into a purely competitive market: (w) P = MC (x) MR = MC (y) P = LRAC (z) TFC = TC Can anybody suggest me the proper explanation for given problem rega

    		•
  • Q : When is price elasticity of demand

    The price elasticity of demand is considered as to be inelastic when the computed value is: (w) less than one although greater than zero. (x) greater than zero. (y) one. (z) zero. Hello guys I want your advice. Ple

    		•
  • Q : What is revenue deficit in government

    Revenue deficit in government budget: Whenever the revenue expenses of the government is more than the revenue receipts it is termed as revenue deficit Revenue expenditure > Revenue receipts

  • Q : Relationship between MPP and TPP If MPP

    If MPP is zero, what can you state regarding TPP? Answer: TPP is at its maximum.

    		•