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

Author Question: What happens to the marginal product (MP) of labor when the market price of the good produced ... (Read 24 times)

Pineapplelove6

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
What happens to the marginal product (MP) of labor when the market price of the good produced increases?
 a. Increases proportional to price.
  b. Decreases proportional to price.
  c. Stays the same.
  d. Falls because quantity demanded falls.
  e. Rises because quantity demanded falls.

Question 2

According to classical economists, government intervention is:
 a. necessary to maintain a stable price level in the long run.
  b. necessary to maintain a stable price level in the short run.
  c. necessary to maintain full employment in the long run.
  d. necessary to maintain full employment in the short run.
  e. not necessary to maintain full employment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sierray

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

c

Answer to Question 2

e


Pineapplelove6

  • Member
  • Posts: 560
Reply 2 on: Jun 30, 2018
:D TYSM

Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Reading and Writing Disorders Produced by Brain Damage Reading and Writing Disorders Produced by Brain Damage
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Alan Price - Poor People Alan Price - Poor People
Effect of Shifting Labor into R&D Effect of Shifting Labor into R&D
Use the product rule to find derivative Use the product rule to find derivative
Iraqi market Iraqi market
Video: SNP Polymorphysim Microarray Chip - How to Test a Person's DNA

For a complete list of videos, visit our video library