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

Author Question: Assume that automobiles are a normal good. An increase in income will (Read 30 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
on: Apr 19, 2019

Question 1

If product demand increases and product price increases


◦ the marginal revenue product curve will shift to the right.
◦ the marginal revenue product curve will shift to the left.
◦ the firm will move up the marginal revenue product curve and hire fewer units of the input.
◦ the firm will move down the marginal revenue product curve and hire more units of the input.

Question 2

Assume that automobiles are a normal good. An increase in income will


◦ shift the marginal revenue product curve of auto workers to the left.
◦ move a firm down the marginal revenue product curve of auto workers.
◦ shift the marginal revenue product curve of auto workers to the right.
◦ have no effect on the marginal revenue product curve of auto workers.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ahriuashd on Apr 19, 2019

xthemafja

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


ahriuashd

  • Hero Member
  • *****
  • Posts: 535
Reply #2 on: Apr 19, 2019
Thank you!


xthemafja

  • Sr. Member
  • ****
  • Posts: 348
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

A comparison of (a) uniform, cup-shaped, normal erythrocytes A comparison of (a) uniform, cup-shaped, normal erythrocytes
Does Intelligence Increase with Brain Size? Does Intelligence Increase with Brain Size?
Compression used to increase circulation when the athlete is clothed. Compression used to increase circulation when the athlete is clothed.
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
How the Distribution of Education Affects the Distribution of Income How the Distribution of Education Affects the Distribution of Income
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library