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

Author Question: An increase in the price of a firm's output increases the firm's demand for labor because the A) ... (Read 41 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jun 29, 2018
An increase in the price of a firm's output increases the firm's demand for labor because the
 
  A) marginal product of each worker increases.
  B) value of marginal product of each worker increases.
  C) value of marginal product curve becomes steeper.
  D) value of marginal product curve becomes flatter.

Question 2

If at a given moment, no matter what the price, producers cannot change the quantity supplied, the momentary supply
 
  A) has zero elasticity.
  B) has unit elasticity.
  C) has infinite elasticity.
  D) does not exist.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wuly

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Hungry!

  • Member
  • Posts: 1,071
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

To increase pressure using body weight, lean on your client. To increase pressure using body weight, lean on your client.
Increase in rainfall on continents Increase in rainfall on continents
Inferring Productivity from Data on Output and Factor Accumulation Inferring Productivity from Data on Output and Factor Accumulation
Role of Productivity in Determining Output per Worker, 2009 Role of Productivity in Determining Output per Worker, 2009
Increase in Surface Area by Mechanical Weathering Increase in Surface Area by Mechanical Weathering
Beak size in finches during dry years increases because of strong selection Beak size in finches during dry years increases because of strong selection
Video: Simple Diffusion - Ion transport

For a complete list of videos, visit our video library