A profit-maximizing firm will hire labour until _____ equals the _______?

Related Mcqs:

The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it

A. increase; increase B. increase; reduce C. reduce; reduce D. reduce; increase...

In the short run, the supply of capital is ________ and in the long run will depend on _______?

A. variable, technology B. fixed, expectations C. fixed, rental rate of capital D. variable, interest rates...

The functional distribution of income shows how national income is divided between ?

A. employees B. the population C. the factors of production D. the working population...

In order for a market to support superstars it must have which of the following characteristics ?

A. It must be involved in professional athletics B. Every customer must be indifferent to the price they pay, and the seller must be a competitor in the market for the product C. Every customer must be willing to pay an enormous amount for the product and the product must be a necessity D. Every … In order for a market to support superstars it must have which of the following characteristics ?Read More...

Which of the following professionals is most likely to be able to generate the income of a superstar ?

A. the best professor B. the best writer C. All of these answers participate in markets that could generate a superstar D. The best accountant E. the best medical doctor...