Author Question: Which of the following is true of an intermediate good? a. It is of no value to the seller. b. It ... (Read 84 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
Which of the following is true of an intermediate good?
 a. It is of no value to the seller.
 b. It is of no value to the buyer.
 c. It is purchased for household production.
  d. It helps produce another good.
 e. It is sold at a discounted price by firms.

Question 2

If the wage rate is fixed at a certain level, the:
 a. total wage cost curve is horizontal.
  b. total wage cost curve is a straight upward sloping line.
  c. MP must be constant.
  d. total wage cost curve will increase at an increasing rate.
  e. total wage cost curve will increase at a decreasing rate.



yeungji

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

d

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

For a complete list of videos, visit our video library