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Author Question: You own a business that answers telephone calls for physicians after their offices close. You have ... (Read 81 times)

mia

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  • Posts: 564
on: Apr 19, 2019

Question 1

If we assume that labor is the only variable input, the slope of the total product curve in the short run


◦ has no economic significance.
◦ measures the average product of labor.
◦ measures the marginal product of labor.
◦ measures both the marginal and average product at all points on the total product curve.

Question 2

You own a business that answers telephone calls for physicians after their offices close. You have an incentive to substitute capital for labor if the


◦ price of capital increases.
◦ price of labor decreases.
◦ price of capital decreases.
◦ marginal product of labor increases.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by mia on Apr 19, 2019

Jevvish

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mia

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

tkempin

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Reply 3 on: Yesterday
Gracias!

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