This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consider the labor market depicted in the above figure. The competitive equilibrium would be for ... (Read 78 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
on: Jun 29, 2018
Consider the labor market depicted in the above figure. The competitive equilibrium would be for workers to be paid an hourly wage equal to
 
  A) 10.
  B) 15.
  C) 20.
  D) None of the above answers is correct.

Question 2

If the ATC curve has a positive slope, then the MC curve must be
 
  A) horizontal.
  B) vertical.
  C) above the ATC curve.
  D) below the ATC curve.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

akemokai

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


cmoore54

  • Member
  • Posts: 568
Reply 2 on: Jun 29, 2018
Gracias!

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

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?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
Punnett square of the dihybrid cross shown in Figure 3.8. There are two combinations of dominant and Punnett square of the dihybrid cross shown in Figure 3.8. There are two combinations of dominant and
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
What is the total resistance of the circuit in Figure 1? 150 What is the total resistance of the circuit in Figure 1? 150
Swimming Pool (Figure 3.1) Swimming Pool (Figure 3.1)
Video: Elementary kinetics

For a complete list of videos, visit our video library