« previous next »

Author Question: If workers who make DVDs get a pay raise, the equilibrium price of a DVD ________ and the ... (Read 32 times)

jessicacav

  • Hero Member
  • *****
  • Posts: 558
on: Jun 29, 2018
If workers who make DVDs get a pay raise, the equilibrium price of a DVD ________ and the equilibrium quantity of DVDs ________.
 
  A) rises; increases
  B) rises; decreases
  C) falls; decreases
  D) falls; increases

Question 2

Which of the following is a condition for maximum profit?
 
  A) VMP = W.
  B) VMP = MC.
  C) MP = W.
  D) MC = W.


xiaomengxian

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another. Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another.
A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ... A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ...
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Write the acidic equilibrium equation for HC₆H₅O. Write the acidic equilibrium equation for HC₆H₅O.
Meiosis is used to make sperm and egg cells. A shows a simplified version and B shows a detailed ver Meiosis is used to make sperm and egg cells. A shows a simplified version and B shows a detailed ver
Video: Cell mediated immune response to a viral infection Animation

For a complete list of videos, visit our video library