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Author Question: An increase in the price of a firm's output increases the firm's demand for labor because the A) ... (Read 54 times)

Hungry!

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on: Jun 29, 2018
An increase in the price of a firm's output increases the firm's demand for labor because the
 
  A) marginal product of each worker increases.
  B) value of marginal product of each worker increases.
  C) value of marginal product curve becomes steeper.
  D) value of marginal product curve becomes flatter.

Question 2

If at a given moment, no matter what the price, producers cannot change the quantity supplied, the momentary supply
 
  A) has zero elasticity.
  B) has unit elasticity.
  C) has infinite elasticity.
  D) does not exist.


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wuly

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

B

Answer to Question 2

A


Hungry!

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Reply 2 on: Jun 29, 2018
Gracias!

billybob123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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