This topic contains a solution. Click here to go to the answer

Author Question: When the economy enters into a recession, your employer is ________ to reduce your wages because ... (Read 93 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
When the economy enters into a recession, your employer is ________ to reduce your wages because ________.
 
  A) likely; aggregate demand is vertical in the long run
  B) unlikely; lower wages reduce productivity and morale
  C) likely; output prices always fall during recession
  D) unlikely; output and input prices generally fall during recession

Question 2

Refer to Figure 11-11. For output rates greater than 20,000 picture frames per month
 
  A) the firm will not make a profit because the average cost of production will be too high.
  B) the firm will experience diminishing returns.
  C) the short-run average total cost will equal the long-run average total cost of production.
  D) the firm will experience diseconomies of scale.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Benayers

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

B

Answer to Question 2

D




saraeharris

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

For a complete list of videos, visit our video library