Value of the marginal product of labor

The Profit-maximizing firms which operate in the competitive resource and output markets adjust the labor inputs till the wage rate equivalents the: (i) Average revenue from the output. (ii) Output price equivalents the average variable cost. (iii) Marginal utility of good generated. (iv) The value of marginal product of labor. (v) Marginal resource cost of the capital.

What is the right answer?

View Complete Question

Related Questions in Microeconomics

Q : Decrease transportation and transaction

The value of land is attributable to the ways exactly sites decrease transportation and other transaction costs are termed as: (1) location rents. (2) transportation rents. (3) short term quasi rents. (4) parcel posts. (5) transaction

Q : Percentage of incomes persistently The

The percentage of American families along with incomes persistently below the poverty line is around: (w) 1 2%. (x) 3 5%. (y) 5 7%. (z) 8 10%. Can anybody suggest me the proper explanation for given problem regardi

Q : Rental Values of Property Rental values

Rental values of property to a firm are POSITIVELY associated to the: (w) transactions costs incurred through the customers of the firm. (x) transportation costs of the firm’s resource suppliers. (y) physical characteristics which contribute to

Q : Demand curve for physical economic

The demand curve for physical economic capital based most directly onto the: (w) extent of previous automation. (x) willingness of savers to create investment funds available. (y) marginal productivity of capital and the price of its output. (z) suppl

Q : Rent controls fix rent in equilibrium

Rent controls which fix rents below equilibrium will NOT: (w) maintain monetary rents down. (x) create shortages of rental housing. (y) stimulate non-market allocations of rental housing. (z) maintain the opportunity costs of housing down.

Q : Subjective preferences of Marginal

I have a problem in economics on Subjective preferences of Marginal Utility. Please help me in the following question. The Marginal utilities: (1) Reflect the subjective preferences. (2) Are realistically evaluated by wealth. (iii) Are set by the demo

Q : Problem on annual implicit cost To

To begin up his own business, Mitch quit his salaried job and invested $10,000 in savings which had earned him $1,000 per year in interest. He as well employs an apartment as his office that he previously had rented out for $6,500 per year. Which of the following is n

Q : Production Costs of goods problem I

I have a problem in economics on Production Costs of goods problem. Please help me in the following question. In order to provide more goods on the market, firms increase prices to cover: (1) Rising opportunity costs in the production. (2) Technologic

Q : What is APS What is APS? APS = S/Y. It

What is APS? APS = S/Y.It is the ratio of income to saving which is termed as APS.

Q : Average retail price and Consumer Price

Answer the question based on given table of average retail price of milk and the Consumer Price Index from the year 1980 to 1998.

Discover Q & A

Leading Solution Library

Avail More Than 1428421 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1954293
Asked

3,689

Active Tutors

1428421

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment