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Author Question: If workers who make DVDs get a pay raise, the equilibrium price of a DVD ________ and the ... (Read 34 times)

jessicacav

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on: Jun 29, 2018
If workers who make DVDs get a pay raise, the equilibrium price of a DVD ________ and the equilibrium quantity of DVDs ________.
 
  A) rises; increases
  B) rises; decreases
  C) falls; decreases
  D) falls; increases

Question 2

Which of the following is a condition for maximum profit?
 
  A) VMP = W.
  B) VMP = MC.
  C) MP = W.
  D) MC = W.


xiaomengxian

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


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