Ask a New Question

when you are given the units of resource, total product, and marginal product, what do you need to find to determine how many resources the firm will employ, what the MRP would be etc...

Similar Questions

The total units of output divided by the total units of labor is equal tothe average product the total product the marginal
1. 1 answer
If the short run total product curve is a linear function of the variable input over some range of values. Describe the shape of
1. 0 answers
2. Suppose that the average product of labor increases as more workers are hired. Which of the following must be true?a.
1. 2 answers
Suppose that the firm in the figure to the right is contemplating using 17units of labor, and it knows that doing so would
1. 1 answer

more similar questions