This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The labor demand curve is based on the firm's: a. average revenue curve. b. marginal product ... (Read 69 times)

craiczarry

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
The labor demand curve is based on the firm's:
 a. average revenue curve.
  b. marginal product curve.
  c. marginal cost curve.
  d. average cost curve.
  e. marginal revenue product curve.

Question 2

Since an expensive sports car constitutes a greater portion of a consumer's budget than does laundry soap, the price elasticity of demand for an expensive sports car is _____.
 a. relatively less elastic
  b. unit-elastic
  c. perfectly inelastic
  d. relatively more elastic
  e. perfectly elastic


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cloud

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

d


craiczarry

  • Member
  • Posts: 527
Reply 2 on: Jun 30, 2018
Excellent

samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period
Effects of Estradiol and Testosterone on Interfemale Aggression in Rats (Based on data from van de P Effects of Estradiol and Testosterone on Interfemale Aggression in Rats (Based on data from van de P
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
How to use the product rule to find the derivative of a function How to use the product rule to find the derivative of a function
The Frequency Distribution Curve of a Drug The Frequency Distribution Curve of a Drug
The gas division of Power-U-Up plans to introduce a new gas delivery system based on the ... The gas division of Power-U-Up plans to introduce a new gas delivery system based on the ...
Video: Major Elements in Biological Molecules: Lipids

For a complete list of videos, visit our video library