2014_alte grile_Recapitulare_RASPUNSURI

5 r at no point in time only when w r all of the time

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Unformatted text preview: 0.5*(q/K). In the long run, the firm will hire equal amounts of capital and labor only when w = 0.5 * r at no point in time only when w = r all of the time Which of the following will cause the marginal cost curve of making cigarettes to shift? A $5 million penalty charged to each cigarette maker A $1 per pack tax on cigarettes A $1 million advertising campaign by the American Cancer Society All of the above If the average productivity of labor equals the marginal productivity of labor, then: the marginal productivity of labor is at a maximum the marginal productivity of labor is equal to zero the average productivity of labor is falling the average productivity of labor is at a maximum If the average productivity of labor equals the marginal productivity of labor for all levels of labor hired, then the marginal productivity of labor is zero the firm must be in the long run the marginal productivity of labor is constant the firm must be in the short run If a firm can produce 9...
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