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 product A) decreases its value of marginal product of labor. ... (Read 172 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
An increase in the price of a firm's product
 
  A) decreases its value of marginal product of labor.
  B) increases its demand for labor.
  C) increases its supply of labor.
  D) None of the above answers is correct.

Question 2

The above figure shows the demand and cost curves for a firm in monopolistic competition. In the figure, the firm makes an economic profit of
 
  A) 0.
  B) 20.
  C) 40.
  D) 120.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bbburns21

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


fnuegbu

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Jun 29, 2018
Correct answers!


bbburns21

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Species richness decreases with distance from the source pool. Species richness decreases with distance from the source pool.
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
A typical camshaft-driven high-pressure pump used to increase fuel pressure to 2,000 PSI or higher. A typical camshaft-driven high-pressure pump used to increase fuel pressure to 2,000 PSI or higher.
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Effect of an Increase in R&D in the Follower Country on the Steady State Effect of an Increase in R&D in the Follower Country on the Steady State
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
Video: Dietary Cholesterol & LDL

For a complete list of videos, visit our video library