Multiple Choice
If the marginal product of a baker is 10 loaves of bread,and the price of a loaf of bread is $2,the baker's value of marginal product is
A) $2.00.
B) $20.00.
C) $0.20.
D) $5.00.
E) $12.00.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q112: Suppose a profit-maximizing firm hires labour in
Q113: Given that r is the rate of
Q114: To maximize profit,the firm must equate the<br>A)wage
Q115: If the annual rate of interest is
Q116: If the interest rate is 10 percent
Q117: Use the table below to answer the
Q118: If the present value of $100 received
Q120: The supply of each particular block of
Q121: When compared to a monopsony labour market
Q122: Firms hire labour<br>A)to minimize the average cost