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Author Question: In the above figure, a minimum wage of ________ would result in employment of ________. A) W2; L1 ... (Read 22 times)

Lisaclaire

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on: Jun 29, 2018
In the above figure, a minimum wage of ________ would result in employment of ________.
 
  A) W2; L1
  B) W2; L2
  C) W1; L1
  D) W1; L2

Question 2

The marginal utility of a third skirt is
 
  A) three times the average utility of the three skirts.
  B) three skirts times the price of a skirt.
  C) the total utility of three skirts divided by three.
  D) the change in total utility from the third skirt.


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adf223

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

D

Answer to Question 2

D


Lisaclaire

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  • Posts: 569
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ebonylittles

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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