如果烟雾探测器的边际社会效益超过其边际社会成本,那么增加烟雾探测器的年产量就能带来额外的净收益。 判断题
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What is the relationship between marginal product and marginal cost?
According to marginal thinking, an individual will stop buying more of a good when the ________ of the next unit exceeds the ________.
The table displays data for 2019 where a small, competitive, profit-maximizing firm produces and sells hand sanitizer. Assume that labor is the only input that varies for the firm. Labor (Number of workers) Marginal Product of Labor (Bottles of hand sanitizer per week) Wage (Dollars per worker per week) 0 1 147 448 2 123 448 3 105 448 4 95 448 5 90 448 Refer to Table for each question. Suppose the firm sells each bottle of hand sanitizer that it produces for $4. a. What is the value of marginal product of labor for the third worker? Answer:420 b. What is the marginal profit of the third worker? Answer: [ Select ] $-28 $68 $420 –$68 c. How many workers should the firm hire? Answer: [ Select ] 2 3 4 5 d. The firm would not be interested in hiring a third worker unless the wage fell from its current level of $448 to what level? Answer: $420
A firm in Madison is currently producing 100 units of output per day. The manager reports to the owner that producing the 100th unit costs the firm $5. The firm can sell the 100th unit for $5. The firm should continue to produce 100 units in order to maximize its profits (or minimize its losses).
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