This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume that automobiles are a normal good. A decrease in income will (Read 31 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Apr 19, 2019

Question 1

If product demand decreases and product price decreases


◦ the marginal revenue product curve will shift to the right.
◦ the marginal revenue product curve will shift to the left.
◦ the firm will move down the marginal revenue product curve and hire more units of the input.
◦ the firm will move up the marginal revenue product curve and hire fewer units of the input.

Question 2

Assume that automobiles are a normal good. A decrease in income will


◦ shift the marginal revenue product curve of auto workers to the left.
◦ move a firm up the marginal revenue product curve of auto workers.
◦ shift the marginal revenue product curve of auto workers to the right.
◦ have no effect on the marginal revenue product curve of auto workers.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Kthamas on Apr 19, 2019

jrpg123456

  • Sr. Member
  • ****
  • Posts: 317
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.
Answer Preview
Only 25% of students answer this correctly


Kthamas

  • Member
  • Posts: 546
Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Summation of Heart Sounds, Normal Physiological Split of S2 Summation of Heart Sounds, Normal Physiological Split of S2
Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s
The Normal Distribution of Scores for a Standardized Intelligence Test The Normal Distribution of Scores for a Standardized Intelligence Test
Right lateral view showing low normal curves of the vertebral column Right lateral view showing low normal curves of the vertebral column
Distribution of dystrophin in muscle cells. (a) In normal muscle cells, all the dystrophin is locate Distribution of dystrophin in muscle cells. (a) In normal muscle cells, all the dystrophin is locate
G-banded karyotype of a normal human male G-banded karyotype of a normal human male
Video: Bond types - Atomic structure and basis of bonds

For a complete list of videos, visit our video library