--%>

Marginal resource cost of labor

By lying off three workers, total costs of a firm fall by $210 per day, indicating that the marginal: (w) revenue product of labor is $210. (x) revenue product of labor is $70. (y) resource cost of labor is $210. (z) resource cost of labor is $70.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Managerial Economics

  • Q : Want exact answer answer written below

    answer written below is correct for the question detail exception of demand curve ?

  • Q : Explain the forecasting demand for a

    Explain the forecasting demand for a new product.

  • Q : Formation of cartels Cheating on

    Cheating on agreements is a common problem along with firms which engage in the formation of: (1) predatory prices. (2) game theory groupings. (3) cartels. (4) pure competition. (5) asymmetric payoffs. Can someone explain/help me w

  • Q : Problem regarding the Diminishing

    Assume that you require studying six hours per week to earn a ‘C’, nine hrs a week to earn a ‘B’, and 15 hrs per week to earn an ‘A’. This would mean: (i) Raising returns to hrs studied. (ii) Diminishing returns to hrs studied. (iii

  • Q : Explain the pricing under price

    Explain the pricing under price leadership.

  • Q : Illustrates the Barometric technique of

    Illustrates the Barometric technique of Demand Forecasting?

  • Q : Marginal Factor or Resource Costs The

    The words “marginal factor costs” or “marginal resource costs” taken as to the: (w) extra cost involved in producing an additional resource. (x) extra cost involved while producing an additional unit of a resou

  • Q : Illustrates the Importance of

    Illustrates the Importance of managerial economics?

  • Q : Equilibrium point on the resource

    An equilibrium point on the resource demand curve of a competitive firm operating within a competitive labor market would indicate equality among the resource price and: (w) demand elasticity. (x) quantity demanded. (y) VMP of the resource. (z) output

  • Q : Introduction of the term Marginal

    Provide a brief introduction of the term Marginal Costing? And also write down the essential suppositions made by Marginal Costing?