[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.

Question

[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.

anonymous · Answer

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

anonymous · Answer

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)