« previous next »

Author Question: John's reservation wage is 10 per hour. This means that A) John will not supply labor in the ... (Read 31 times)

acc299

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
John's reservation wage is 10 per hour. This means that
 
  A) John will not supply labor in the market until he receives a wage of at least 10 per hour.
  B) John will supply labor in the market at a wage of 10 and lower.
  C) John will work 10 hours per day.
  D) John will decrease the hours he works when his wage rate exceeds 10 per hour.

Question 2

In the long run, a firm in monopolistic competition produces where the slope of the average total cost curve is
 
  A) negative.
  B) zero.
  C) positive.
  D) equal to the marginal cost.


manuelcastillo

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Blood supply to the pituitary gland Blood supply to the pituitary gland
John Singer Sargent, The Daughters of Edward Darley Boit. John Singer Sargent, The Daughters of Edward Darley Boit.
Stages of labor. Stages of labor.
Eating Breakfast Means More Energy and Fewer Calories throughout the Day Eating Breakfast Means More Energy and Fewer Calories throughout the Day
Labor Labor
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Digestive System Animation

For a complete list of videos, visit our video library