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Author Question: Refer to Table 11-8. What is the minimum efficient scale of production? A) 100 units B) 200 units ... (Read 185 times)

elizabeth18

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Refer to Table 11-8. What is the minimum efficient scale of production?
 
  A) 100 units B) 200 units C) 300 units D) 400 units

Question 2

At low wages, the labor supply curve for most people slopes upward because
 
  A) the demand for labor is perfectly elastic at low wages.
  B) as wages increase the opportunity cost of leisure increases.
  C) as wages increase income also increases unless hours worked decrease.
  D) the supply of labor is perfectly inelastic at low wages.


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jazzlynnnnn

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elizabeth18

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


parker125

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Reply 3 on: Yesterday
Gracias!

 

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