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Author Question: The cost of a variable input, such as the wage paid to workers, decreases. This decrease shifts the ... (Read 78 times)

anshika

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on: Jun 29, 2018
The cost of a variable input, such as the wage paid to workers, decreases. This decrease shifts the
 
  A) total fixed cost curve downward.
  B) marginal product of labor curve downward.
  C) average variable cost curve downward.
  D) marginal product of labor curve upward.

Question 2

Because a subsidy raises marginal benefit, it can be used to eliminate the deadweight loss from overproduction.
 
  Indicate whether the statement is true or false


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dominiqueenicolee

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

FALSE


anshika

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

vickybb89

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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