--%>

Marginal revenue product and marginal resource cost

When the marginal revenue product of the last worker hired through a large firm is fewer than its marginal resource cost, in that case the firm: (i) increases profits if this lies off a few workers. (ii) operates in a region of decreasing returns to scale. (iii) maximizes profit by hiring a few more workers. (iv) is currently maximizing profit. (v) operates in an area of increasing returns to scale.

Can someone explain/help me with best solution about problem of Economics...

   Related Questions in Managerial Economics

  • Q : Recovery - Phases of business cycle

    Explain about the term Recovery in phases of business cycle.

  • Q : Why is wealth definition of economics

    Why is wealth definition of economics criticized?

  • Q : Wage Differentials by Adam Smith Adam

    Adam Smith would have had the greatest complexity in describing income differentials as depends on scarcity and productivity for the case wherein: (1) Holly lives into New York City and is paid more than Devin, who has a same job in K

  • Q : Explain elements of managerial

    Illustrates the elements of managerial economics as a tool for decision making?

  • Q : Backward Bending Labor Supplies The

    The graph for the supply of labor might be backward bending since: (w) the substitution effect surpasses the income effect at specific wages. (x) overtime workers receive pay for time and a half. (y) the substitution effect. (z) the income effect is m

  • Q : Supplies of Labor within Competitive

    During a competitive resource market, every firm confronts a resource supply curve which is: (w) upwardly sloped. (x) backward bending. (y) perfectly inelastic. (z) perfectly elastic. I need a good

  • Q : General Training in Human Capital The

    The knowledge regarding local shrubs and trees which Morgan learns whereas working as an apprentice landscaper into the suburbs of a huge city is an illustration of the benefits from: (1) dirty work. (2) general training. (3) dues-paying. (4) high-skilled employment.

  • Q : Illustrates the term variable cost

    Illustrates the term variable cost?

  • Q : Average wages for workers Average

    Average female wages are historically beneath the average for male workers due to: (w) concentration in low income occupations. (x) placement in low status job positions. (y) lower admission in professional schools and skilled trades.

  • Q : What is Oligopoly What is Oligopoly?

    What is Oligopoly? Explain in brief.