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Author Question: The distribution of income in the United States became more unequal in the 1990s. One explanation ... (Read 136 times)

moongchi

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on: Jun 29, 2018
The distribution of income in the United States became more unequal in the 1990s. One explanation for this trend is that advances in information technologies have ________ low-skilled labor and ________ high-skilled labor.
 
  A) decreased the demand for; increased the demand for
  B) increased the demand for; decreased the demand for
  C) decreased the supply of; increased the supply of
  D) increased the supply of; decreased the supply of

Question 2

In the above figure of a monopolistically competitive firm, the marginal cost of the last unit produced is equal to ________ and is ________ marginal revenue.
 
  A) P2; greater than
  B) P3; greater than
  C) P1; greater than
  D) P1; equal to


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laurnthompson

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


moongchi

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Reply #2 on: Jun 29, 2018
Thank you :)


laurnthompson

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Reply #3 on: Jun 29, 2018
Happy to help you


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