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Author Question: The establishment of a government redistributive program such as price supports creates _____. a. ... (Read 14 times)

bclement10

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on: Jul 1, 2018
The establishment of a government redistributive program such as price supports creates _____.
 
  a. higher consumer consumption
  b. above-normal annual profits
  c. a transitional gain
   d. independency among recipients

Question 2

Suppose MPL = 0.5  (q/L) and MPK = 0.5  (q/K). In the long run, the firm will hire equal amounts of capital and labor
 
  A) all of the time.
  B) only when w = r.
  C) only when w = 0.5  r.
  D) at no point in time.
Microeconomics ¦ Perloff ¦ 8th Edition
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carojassy25

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

B


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