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Author Question: Wages are said to be sticky downwards because this promotes good work effort and ensures that ... (Read 61 times)

nevelica

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on: Jun 30, 2018
Wages are said to be sticky downwards because this promotes good work effort and ensures that workers and firms share the same goals of efficient production and profit maximization.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If an increase in prices decreases total revenue in the short run, what will it do to total revenue in the long run?
 a. It will decrease total revenue in the long run.
 b. It will increase total revenue in the long run.
 c. It will leave total revenue unchanged in the long run.
  d. Any of the above results are possible in the long run.


emily12345

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

a


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nevelica

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Reply #2 on: Jun 30, 2018
Thank you


emily12345

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Reply #3 on: Jun 30, 2018
No problemo


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