Business, 22.05.2020 19:02 smilebehappy468

Under perfect competition, the equilibrium price of labor used to produce cloth will be equal to:.A) the average product of labor in the production of cloth times the price of cloth. B) the slope of the production possibility frontier. C) the price of cloth divided by the marginal product of labor in the production of cloth. D) the marginal product of labor in the production of cloth times the price of cloth.
E) the ratio of the marginal product of labor in the production of cloth to the marginal product of labor in the production of food times the ratio of the price of cloth to the price of food.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 20:50

Many potential buyers value high-quality used cars at the full-information market price of € p1 and lemons at € p2. a limited number of potential sellers value high-quality cars at € v1 ≤ p1 and lemons at € v2 ≤ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is € θ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold

Answers: 2

Answer

Business, 22.06.2019 22:50

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?

Answers: 1

Answer

Business, 23.06.2019 04:40

Maria's family drove 140 mi to her grandparents' house and averaged 56 mi/h on the way thereon the return trip, they averaged 50 mi/hwhat was the total time maria's family spent driving to and from her grandparents' house? o2.5 ho 2.6 ho5.2 ho 53 hnext

Answers: 3

Answer

Business, 23.06.2019 06:30

Afinance company wants to upgrade its accounting software to a higher version. this version change requires a change in data formats. which method represents a change in data formats?

Answers: 1

Answer

You know the right answer?

Under perfect competition, the equilibrium price of labor used to produce cloth will be equal to:.A)...

Questions