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Author Question: If the price of a firm's output rises, its A) marginal product of labor increases. B) value of ... (Read 64 times)

segrsyd

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on: Jun 29, 2018
If the price of a firm's output rises, its
 
  A) marginal product of labor increases.
  B) value of marginal product decreases.
  C) demand for labor increases.
  D) demand for labor decreases.

Question 2

The above figure shows the demand and cost curves for a firm in monopolistic competition. The graph represents the firm's situation in
 
  A) only the short run.
  B) only the long run.
  C) either the short run or the long run.
  D) neither the short run nor the long run.


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sierrahalpin

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

C

Answer to Question 2

A


segrsyd

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  • Posts: 530
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

FergA

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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