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Author Question: If an industry introduces a labor-saving technology in production, the demand curve for labor in ... (Read 93 times)

lak

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  • Posts: 546
on: Jun 29, 2018
If an industry introduces a labor-saving technology in production, the demand curve for labor in that industry is likely to:
 
  A) shift to the left.
  B) shift to the right.
  C) become vertical.
  D) become horizontal.

Question 2

Suppose it costs a farmer 1.00 to produce 1 unit of corn, 2.10 to produce 2 units of corn, and 3.30 to produce 3 units of corn. What's the marginal cost of producing 3 units of corn?
 
  A) 0
  B) 30 cents
  C) 1.10
  D) 1.20
  E) 3.30


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millet

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

A

Answer to Question 2

D


lak

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  • Posts: 546
Reply 2 on: Jun 29, 2018
Excellent

AmberC1996

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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