Author Question: Americans are always connected today, talking on the phone at home, while driving down the road and ... (Read 49 times)

mpobi80 · **on:** Jun 29, 2018

Americans are always connected today, talking on the phone at home, while driving down the road and while shopping for groceries. But that wasn't always the case.

In fact, it wasn't that long ago people had to go through an operator in order to get connected with the person they were trying to reach. How do cell phones impact the labor market for telephone operators? A) Decreased telephone operators' value of marginal product
B) Increased the demand for telephone operators
C) Increased the supply for telephone operators
D) Decreased the marginal productivity of telephone operators

Question 2

In the above figure, the minimum efficient scale of output is

A) 5,000 pounds of coffee.
B) 10,000 pounds of coffee.
C) 13,000 pounds of coffee.
D) 15,000 pounds of coffee.