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Author Question: When the price of the good or service it produces rises, the firm's A) demand for labor curve ... (Read 130 times)

Tazate

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on: Jun 29, 2018
When the price of the good or service it produces rises, the firm's
 
  A) demand for labor curve shifts rightward.
  B) demand for labor curve shifts leftward.
  C) demand for labor curve remains unchanged.
  D) output decreases.

Question 2

The above figure shows the demand and cost curves for a firm. The figure shows a
 
  A) monopolistically competitive firm in the long run.
  B) perfectly competitive firm earning zero profit.
  C) monopolistically competitive firm in the short run.
  D) perfectly competitive firm in the short run.


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Bsand8

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

A

Answer to Question 2

C


Tazate

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

Zebsrer

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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