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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1395137
Introduction to Economics 1 Deneme Sınavı Sorusu #1395137
Which of the following defines the relationship between MC (marginal cost) and wage (w)?
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MC= w/MRPL |
|
MC= w/AC |
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MC= w/MPL |
|
MC= w*MPL |
|
MC= w*MRPL |
Yanıt Açıklaması:
The change in total cost, ΔTC in this case is equal to w and the change in total output produced, ΔQ is equal to the marginal product of the last unit of labor, MPL. Substituting w and MPL in the marginal cost formula above gives:
MC= w/MPL
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