« previous next »

Author Question: Refer to Table 4-4. Suppose that the quantity of labor supplied decreases by 40,000 at each wage ... (Read 101 times)

deesands

  • Hero Member
  • *****
  • Posts: 514
on: Jun 29, 2018
Refer to Table 4-4. Suppose that the quantity of labor supplied decreases by 40,000 at each wage level. What are the new free market equilibrium hourly wage and the new equilibrium quantity of labor?
 
  A) W = 9.00; Q = 330,000 B) W = 8.00; Q = 390,000
  C) W = 10.00; Q = 350,000 D) W = 9.50; Q = 370,000

Question 2

Refer to Table 2-7. What is Minnie's opportunity cost of making an umbrella?
 
  A) 1/10 of a hat B) 1/4 of a hat C) 4 hats D) 40 hats


ecabral0

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Proctoscopic examination table. Proctoscopic examination table.
Fluidization - Calibration Table Pump #1 Fluidization - Calibration Table Pump #1
Standing at the side of the table facing the head, mobilize the scapula by pressing along medial ... Standing at the side of the table facing the head, mobilize the scapula by pressing along medial ...
Layers of sheets and towels on the table for a body wrap. Layers of sheets and towels on the table for a body wrap.
List transformations and Create a table of values for the following log function: List transformations and Create a table of values for the following log function:
Table - Correlation Analysis Table - Correlation Analysis
Video: Pressure Flow Model Animation

For a complete list of videos, visit our video library