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Author Question: Advances in statistical software is an example of: A) skill-biased technological changes. B) ... (Read 75 times)

asd123

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on: Jun 29, 2018
Advances in statistical software is an example of:
 
  A) skill-biased technological changes.
  B) labor-saving technological changes.
  C) unskilled-biased technological changes.
  D) labor-complementary technological changes.

Question 2

How is the market demand curve for a public good derived?
 
  What will be an ideal response?


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cdmart10

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

A

Answer to Question 2

The market demand for public goods is arrived at by the vertical sum of the demand curves of consumers. Adding the individual demand curves vertically gives us a measure of the amount of money consumers are willing to pay for each level of the public good.


asd123

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

bbburns21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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