John's reservation wage is 10 per hour. This means that A) ...

[acc299]

John's reservation wage is 10 per hour. This means that
 
  A) John will not supply labor in the market until he receives a wage of at least 10 per hour.
  B) John will supply labor in the market at a wage of 10 and lower.
  C) John will work 10 hours per day.
  D) John will decrease the hours he works when his wage rate exceeds 10 per hour.

Question 2

In the long run, a firm in monopolistic competition produces where the slope of the average total cost curve is
 
  A) negative.
  B) zero.
  C) positive.
  D) equal to the marginal cost.

[manuelcastillo]

Answer to Question 1

A

Answer to Question 2

A