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

Author Question: If the price of a firm's output rises, its A) marginal product of labor increases. B) value of ... (Read 26 times)

segrsyd

  • Hero Member
  • *****
  • Posts: 530
on: Jun 29, 2018
If the price of a firm's output rises, its
 
  A) marginal product of labor increases.
  B) value of marginal product decreases.
  C) demand for labor increases.
  D) demand for labor decreases.

Question 2

The above figure shows the demand and cost curves for a firm in monopolistic competition. The graph represents the firm's situation in
 
  A) only the short run.
  B) only the long run.
  C) either the short run or the long run.
  D) neither the short run nor the long run.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sierrahalpin

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


segrsyd

  • Member
  • Posts: 530
Reply 2 on: Jun 29, 2018
:D TYSM

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

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?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

All computer systems perform four basic functions: input, processing, storage, and output. All computer systems perform four basic functions: input, processing, storage, and output.
The areas in which reading-associated increases in activity were observed in the fMRI study of ... The areas in which reading-associated increases in activity were observed in the fMRI study of ...
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Factors that Increase Cardiac Output Factors that Increase Cardiac Output
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library