« previous next »

Author Question: Which answer below CORRECTLY describes the relationship between the demand for labor curve and the ... (Read 42 times)

theo

  • Hero Member
  • *****
  • Posts: 698
on: Jun 29, 2018
Which answer below CORRECTLY describes the relationship between the demand for labor curve and the value of marginal product curve?
 
  A) The curves intersect to determine the equilibrium quantity of labor.
  B) The value of marginal product curve lies to the right and above the demand for labor curve.
  C) The curves are the same.
  D) The value of marginal product curve lies to the left of the demand for labor curve.

Question 2

In monopolistic competition, firms can make an economic profit in
 
  A) the short run and in the long run.
  B) the short run but not in the long run.
  C) the long run but not in the short run.
  D) neither the long run nor the short run.


joewallace

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Relationship between HoxC-6 gene expression and neck development. Relationship between HoxC-6 gene expression and neck development.
The relationship between RH and temperature. The relationship between RH and temperature.
Hockey stick” curve Hockey stick” curve
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
Answer to Trig problem Answer to Trig problem
Video: Mechanisms of capillary exchange

For a complete list of videos, visit our video library