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Author Question: Firms hire more labor as long as A) the real wage rate is greater than the additional output the ... (Read 63 times)

leilurhhh

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on: Jun 30, 2018
Firms hire more labor as long as
 
  A) the real wage rate is greater than the additional output the labor produces.
  B) extra labor will produce more output.
  C) the real wage rate is less than the additional output the labor produces.
  D) the nominal wage rate exceeds the real wage rate.
  E) the nominal wage rate is less than the real wage rate.

Question 2

Which of the following results in an increase in the supply of a good or service?
 
  A) a rise in the price of the good or service
  B) an increase in foreign imports of the good or service
  C) a fall in the price of the good or service
  D) a smaller number of sellers producing the good or service
  E) higher taxes imposed upon producers of the good or service


fffftttt

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


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