Consider the market for opticians. What is likely to happen to ...

[dollx]

Consider the market for opticians. What is likely to happen to the equilibrium wage and quantity of opticians if more and more people turn to laser eye surgery instead of wearing glasses or contact lens?
 
  A) The equilibrium wage falls and the equilibrium quantity of opticians rises.
  B) The equilibrium wage and the equilibrium quantity of opticians rise.
  C) The equilibrium wage and the equilibrium quantity of opticians fall.
  D) The equilibrium wage rises and the equilibrium quantity of opticians falls.

Question 2

The slope of a typical isoquant is negative because to produce a given output, a producer
 
  A) can use less of one input only if the productivity of that input increases
  B) will use more of one input only if the price of that input falls.
  C) will use more of one input only if it uses more of another.
  D) can use less of one input only if it uses more of another.

[bookworm410]

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[dollx]

Wow, this really help

[shewald78]

Thanks for the timely response, appreciate it