« previous next »

Author Question: An increase in the wage rate ______. A. shifts the average total cost curve and the marginal cost ... (Read 147 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
on: Jun 29, 2018
An increase in the wage rate ______.
 
  A. shifts the average total cost curve and the marginal cost curve upward
  B. shifts the average fixed cost and average variable cost curve upward
  C. increases average variable cost but does not change marginal cost
  D. does not change average variable cost but increases average total cost

Question 2

Which of the following would shift a nation's production possibilities frontier outward?
 
  A) an increase in demand for the nation's products
  B) discovering a cheaper way to convert sunshine into electricity
  C) a decrease in the unemployment rate
  D) a law requiring workers to retire at age 50
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


cadimas

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 29, 2018
Answer to Question 1

A Wages are a variable cost, so an increase in the wage rate in-creases the average total cost and the marginal cost.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Analogy for How Magnetic Field Strengths Increase Analogy for How Magnetic Field Strengths Increase
Racial Shifts in St. Louis during the 1950s Racial Shifts in St. Louis during the 1950s
Total body water (TBW) Total body water (TBW)
Population growth rate % Population growth rate %
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
Normal frequency distribution, characterized by a bell-shaped curve Normal frequency distribution, characterized by a bell-shaped curve
Video: Diversity of Living Creatures - Charles Darwin & the Beagle's Voyage

For a complete list of videos, visit our video library