Author Question: High skilled labor and information technology are ________ while low skilled labor and information ... (Read 120 times)

Zoey63294

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High skilled labor and information technology are ________ while low skilled labor and information technology are ________.
 
  A) complements; substitutes
  B) substitutes; substitutes
  C) substitutes; complements
  D) complements; complements

Question 2

Some of the cost curves for Ike's Ice Cream Kitchen are given in the above figure. At which of the following levels of output does the marginal product of labor equal the average product of labor?
 
  A) at 0 gallons
  B) at 10 gallons
  C) at 40 gallons
  D) at 60 gallons



yasmin

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Answer to Question 1

A

Answer to Question 2

C



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