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Author Question: The labor demand curve is based on the firm's: a. average revenue curve. b. marginal product ... (Read 109 times)

craiczarry

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on: Jun 30, 2018
The labor demand curve is based on the firm's:
 a. average revenue curve.
  b. marginal product curve.
  c. marginal cost curve.
  d. average cost curve.
  e. marginal revenue product curve.

Question 2

Since an expensive sports car constitutes a greater portion of a consumer's budget than does laundry soap, the price elasticity of demand for an expensive sports car is _____.
 a. relatively less elastic
  b. unit-elastic
  c. perfectly inelastic
  d. relatively more elastic
  e. perfectly elastic


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cloud

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

e

Answer to Question 2

d


craiczarry

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

phuda

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Reply 3 on: Yesterday
Gracias!

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