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Author Question: When the price of the good or service it produces rises, the firm's A) demand for labor curve ... (Read 121 times)

Tazate

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When the price of the good or service it produces rises, the firm's
 
  A) demand for labor curve shifts rightward.
  B) demand for labor curve shifts leftward.
  C) demand for labor curve remains unchanged.
  D) output decreases.

Question 2

The above figure shows the demand and cost curves for a firm. The figure shows a
 
  A) monopolistically competitive firm in the long run.
  B) perfectly competitive firm earning zero profit.
  C) monopolistically competitive firm in the short run.
  D) perfectly competitive firm in the short run.



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Bsand8

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Answer to Question 1

A

Answer to Question 2

C




Tazate

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


brbarasa

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Reply 3 on: Yesterday
Excellent

 

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