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

Author Question: If wages a firm pays it workers increase, then A) the firm's long-run average cost curve shifts ... (Read 105 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
If wages a firm pays it workers increase, then
 
  A) the firm's long-run average cost curve shifts upward.
  B) the firm moves rightward along its long-run average cost curve to where it has diseconomies of scale.
  C) the firm's long-run average cost curve does not shift and there is no movement along the long-run average cost curve.
  D) the firm moves rightward along its long-run average cost curve but not necessarily to where it has diseconomies of scale.

Question 2

A consumer is in equilibrium when the consumption point is on
 
  A) the budget line.
  B) an indifference curve.
  C) the highest indifference curve that just touches the budget line.
  D) none of the above.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

annierak

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

A

Answer to Question 2

C




mydiamond

  • Member
  • Posts: 804
Reply 2 on: Jun 29, 2018
Excellent


kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

For a complete list of videos, visit our video library