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Author Question: Consider the market for opticians. What is likely to happen to the equilibrium wage and quantity of ... (Read 140 times)

dollx

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on: Jun 29, 2018
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.
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bookworm410

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Reply #1 on: Jun 29, 2018
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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dollx

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Reply 2 on: Jun 29, 2018
Excellent

Missbam101

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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