Business, 21.04.2020 16:46 tonyrod617
Suppose the market wage facing a firm in the perfectly competitive candle-making industry is $20 per hour, and the firm sells its candles for $2 each. Given this information, the firm should hire workers until the marginal product of labor equals . 10 candles per hour 18 candles per hour 22 candles per hour 20 candles per hour
Answers: 1
Business, 22.06.2019 20:00
Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.
Answers: 3
Business, 23.06.2019 11:30
Cesar had a part-time job last year. he worked every week for the year and made $23 an hour. he worked 28 hours each week. cesar saved what was left of his earnings after paying all of his monthly expenses. at the end of the year, he had saved $3,360. what were cesar’s average monthly expenses, rounded to the nearest dollar?
Answers: 2
Business, 23.06.2019 13:00
According to the weather forecast, there will be at least 40.5 inches of rainfall next year is an example of which type of probability
Answers: 1
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