--%>
Assignment Help - homework help

Hiring more labor in profit maximization

When a firm hires an additional worker who adds $100 worth of output daily, and adds $50 daily to the firm’s costs, in that case the firm must: (w) hire more labor. (x) hire less labor. (y) not change its employment of labor. (z) sell off some of its assets.

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Managerial Economics

  • Q : Explain characteristics of managerial

    Explain the chief characteristics of managerial or business economics.

    		•
  • Q : Allocative and technical efficiency in

    Economy-extensive efficiency needs both allocative and technical efficiency within production and: (w) equity within the distribution of national income. (x) biological efficiency, in that people's basic desires should be met. (y) pol

    		•
  • Q : Value of the marginal product of labor

    Profit-maximizing firms which operate in competitive resource and output markets adjust labor inputs till the wage rate equals the: (1) average revenue from output. (2) output price equals average variable cost. (3) marginal utility o

    		•
  • Q : States the term Production States the

    States the term Production?

    		•
  • Q : Profit Maximization and the Demand for

    An increase within competitively-set wages tends to cause firms to adjust hence there are reductions into the: (1) amounts of labor most firms hire. (2) value of the marginal productivity of workers. (3) marginal profit from hiring labor. (4) technolo

    		•
  • Q : Forecasting demand what are the

    what are the criteria for good forecasting

    		•
  • Q : Human Capital and Wage Differentials in

    If compared along with average high school graduates, in that case average Americans along with college degrees: (1) uniformly earn more at every point over their whole lives. (2) earn more primarily early throughout their careers. (3) earn more, but only later during

    		•
  • Q : Explain the Cross elasticity of demand

    Explain the Cross elasticity of demand.

    		•
  • Q : Requirements for Food production I have

    I have a problem in economics on Diminishing Returns. Please help me in the following question. In a completely employed food-and-clothing economy, equivalent successive raises in food production will ultimately need successively: (i) Larger increases

    		•
  • Q : Features of Marginal costing Write down

    Write down the features of Marginal costing?

    		•