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Author Question: An increase in the price of a firm's product A) decreases its value of marginal product of labor. ... (Read 120 times)

fnuegbu

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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.


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bbburns21

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

B

Answer to Question 2

C


fnuegbu

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Reply #2 on: Jun 29, 2018
Correct answers!


bbburns21

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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