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Author Question: A firm's demand for labor increases and its demand curve for labor shifts rightward if A) the ... (Read 265 times)

mcmcdaniel

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  • Posts: 550
on: Jun 29, 2018
A firm's demand for labor increases and its demand curve for labor shifts rightward if
 
  A) the wage rate falls.
  B) the price of its product falls.
  C) its value of marginal product decreases.
  D) an advance in technology increases the marginal product of labor.

Question 2

A key difference between a monopoly and a perfectly competitive firm is that the monopolist
 
  A) does not face fixed costs in the short run.
  B) has a marginal revenue curve that lies below its demand curve.
  C) has no marginal cost curve.
  D) faces a perfectly elastic demand for its product.


carojassy25

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

D

Answer to Question 2

B


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