Author Question: Sticky Cakes is a bakery. A decrease in the wage rate that Sticky Cakes pays its workers A) does ... (Read 231 times)

sabina

  • Hero Member
  • *****
  • Posts: 563
Sticky Cakes is a bakery. A decrease in the wage rate that Sticky Cakes pays its workers
 
  A) does not shift its MC curve or its ATC curve.
  B) shifts its MC curve downward but not its ATC curve.
  C) shifts both its MC curve and its ATC curve downward.
  D) does not shift its MC curve but shifts its ATC curve downward.

Question 2

The problem of the commons arises because ________ exceeds ________ when the resource is used.
 
  A) marginal social cost; marginal private cost
  B) marginal private benefit; marginal social benefit
  C) marginal private benefit; marginal private cost
  D) marginal private cost; marginal social cost



diesoon

  • Sr. Member
  • ****
  • Posts: 353
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

For a complete list of videos, visit our video library