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Author Question: Refer to Figure 15-6. The profit-maximizing output and price for the monopolist are A) output = ... (Read 144 times)

oliviahorn72

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Refer to Figure 15-6. The profit-maximizing output and price for the monopolist are
 
  A) output = 62; price = 24. B) output = 104; price = 20.80.
  C) output = 83; price = 22. D) output = 62; price = 18.

Question 2

A decrease in the wage rate causes
 
  A) a decrease in labor's productivity.
  B) a rightward shift of the firm's labor demand curve.
  C) a leftward shift of the firm's labor demand curve.
  D) an increase in the quantity of labor demanded.


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janeli1

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oliviahorn72

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


Bigfoot1984

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

 

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