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

Author Question: An increase in the price of a firm's output increases the firm's demand for labor because the A) ... (Read 88 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wuly

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Hungry!

  • Member
  • Posts: 1,071
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

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?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
Cross-sectional data showing that the amount of effort spent on personal health care increases with Cross-sectional data showing that the amount of effort spent on personal health care increases with
Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
The areas in which reading-associated increases in activity were observed in the fMRI study of ... The areas in which reading-associated increases in activity were observed in the fMRI study of ...
The demand for energy is met by burning coal and other fossil fuels The demand for energy is met by burning coal and other fossil fuels
Video: Stroke volume - contractility definition

For a complete list of videos, visit our video library