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Author Question: Which of the following would explain wage rigidities? a. Inflexible long-term contracts b. ... (Read 116 times)

meagbuch

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on: Jun 30, 2018
Which of the following would explain wage rigidities?
 a. Inflexible long-term contracts
  b. Inflation
  c. The liquidity of financial assets
  d. The reluctance of firms to lay off workers
  e. High worker productivity

Question 2

When the price of ulcer medication increased by 20 per 100 tablets, a drug company's revenue increased by 10 million. Its elasticity of demand coefficient (in absolute terms) must be:
 a. zero.
 b. greater than one.
  c. less than one.
 d. infinitely large.


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katheyjon

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

a

Answer to Question 2

c


meagbuch

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

rleezy04

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

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