A community for students.

    Here's the question you clicked on:

    55 members online
    • 0 replying
    • 0 viewing


    • 2 years ago

    [03.06] A company will pay workers at a level that maximizes the company costs. taxes. profits. marginal revenue. Question 11 (Multiple Choice Worth 3 points) [03.06] A company will pay workers an amount that minimizes the company costs. profits. liability. revenue. Question 12 (Multiple Choice Worth 3 points) [03.06] Which of the following represents demand in the market for labor? workers. employers. government. entrepreneurs.

    • This Question is Closed
    1. ArbabShah
      • 2 years ago
      Best Response
      You've already chosen the best response.
      Medals 0

      1st would be marginal revenue as firms produce on Mc=MR Q11 ) it would minimizing COSTS i guess 3rd one is Enterpreneurs

    2. S2arora
      • 2 years ago
      Best Response
      You've already chosen the best response.
      Medals 0

      yes .. even i agree 1st will be marginal revenue coz thats the additional revenue the firm will receive by hiring that additional worker and will pay upto the point where the value of his marginal product is equal to the marginal cost. thats why we use the condition, Price * MPL = MC ( wages)

    3. Not the answer you are looking for?
      Search for more explanations.

      • Attachments:

    Ask your own question

    Sign Up
    Find more explanations on OpenStudy
    Privacy Policy

    Your question is ready. Sign up for free to start getting answers.

    spraguer (Moderator)
    5 → View Detailed Profile

    is replying to Can someone tell me what button the professor is hitting...


    • Teamwork 19 Teammate
    • Problem Solving 19 Hero
    • You have blocked this person.
    • ✔ You're a fan Checking fan status...

    Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

    This is the testimonial you wrote.
    You haven't written a testimonial for Owlfred.