User: The increase in output obtained by hiring an additional worker is known as A. the average product B. the marginal product C. the total product D. value added

Weegy: The increase in output obtained by hiring an additional worker is known as the marginal product. www.flashcardmachine.com/labor-econ1.html
Auto answered|Score .9467

User: Which of the following is the best example of a long-run decision? A.An automobile manufacturing company is considering whether or not to invest in robotic equipment to develop a more cost-effective production technique. B. An automobile manufacturing company is considering whether or not to expand its existing workforce, while keeping the same factory and equipment. C. A business consulting firm is considering whether or not to hire interns to assist with research and data processing. D. A business consulting firm is considering whether or not to add new computers while maintaining the same number of employees.

Weegy: A. An automobile manufacturing company is considering whether or not to invest in robotic equipment to develop a more cost-effective production technique.
Auto answered|Score 1|may100|Points 1051|

User: what is a long-run decision

Weegy: Why should a firm sacrifice short-run profits for long run growth and profitability? Long-run growth and profitability will, in the long-run, [ be far more profitable ... http://wiki.answers.com/Q/What_is_the_profit_maximizing_decision_a_perfectly_competitive_firm_makes_in_the_short_run_and_explain_why_this_firm_can_make_profits_in_the_short_run_but_not_in_the_long_run ]
Auto answered|Score .717

User: 10) Other things being equal, when average productivity falls, A. average fixed cost must rise B. marginal cost must rise C. average total cost must rise D. average variable cost must rise

Weegy: 10. An squint: A. Must be linear. B. Cannot have a ... Other things equal. B. Changing ... B. Average cost curve rises as output rises. C. [ Marginal cost curve falls as output ... www.blurtit.com/q807773.html ]
Auto answered|Score .6928

User: Other things being equal, when average productivity falls, A. average fixed cost must rise B. marginal cost must rise C. average total cost must rise D. average variable cost must rise

Weegy: ... to rise to ... costs equal marginal revenue. Average variable cost is just one part of a company's total cost; the other half includes fixed ... [ to the things a firm must ... www.ehow.com/economics/ ]
Auto answered|Score .7666

User: According to economist Colin Camerer of the California Institute of Technology, many New York taxi drivers decide when to finish work by setting an income goal for themselves. If this is true, then on busy days when the effective hourly wage is higher, taxi drivers will A. work the same number of hours as they will on slower days B. work fewer hours than they will on slower days C. work more hours than they will on slower days D. not work any hours

Weegy: Answer is B. work fewer hours than they will on slower days
Auto answered|Score 1|lovefallen|Points 1100|

User: A firm's demand for labor is derived from the A. opportunity costs associated with labor and leisure B. desires and needs of the entrepreneur C. cost of labor inputs D. demand for its output

Weegy: A firm's demand for labor is derived from D. demand for its output.
www.utdallas.edu/~banuri/sld_eco4340_ch5.pdf
Auto answered|Score 1

User: Owen runs a delivery business and currently employs three drivers. He owns three vans that employees use to make deliveries, but he is considering hiring a fourth driver. If he hires a fourth driver, he can schedule breaks and lunch hours so all three vans are in constant use, allowing him to increase deliveries per day from 60 to 75. This will cost an additional $75 per day to hire the fourth driver. The marginal cost per delivery of increasing output beyond 60 deliveries per day A. is $0 because Owen does not have to purchase another van B. is $5 C. is $75 D. cannot be calculated without knowing Owen's total fixed costs

Weegy: D. cannot be calculated without knowing Owen's total fixed costs
Auto answered|Score 1|may100|Points 1051|

User: If a firm in a perfectly competitive market experiences a technological breakthrough, A. other firms would find out about it eventually B. other firms would find out about it immediately C. other firms would not find out about it D. some firms would find out about it, but others would not

Weegy: firm in a perfectly competitive market experiences a technological breakthrough, A. other firms would find out about it eventually. B. [ other firms would find out about it immediately www.studenthelpmate.com/categories/Business-Economics?current_page=7&order_by_column=title&order_by_modifier=ASC ]
Auto answered|Score .925