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

Author Question: In the short run, ________ increases the quantity of labor demanded by the firm. A) a decrease in ... (Read 39 times)

urbanoutfitters

  • Hero Member
  • *****
  • Posts: 530
on: Jun 29, 2018
In the short run, ________ increases the quantity of labor demanded by the firm.
 
  A) a decrease in the price of the firm's output
  B) an increase in the prices of other factors of production used by the firm
  C) a technological advance that decreases the marginal product of labor
  D) a decrease in the wage rate

Question 2

The figure above shows the cost, demand, and marginal revenue curves for a monopoly. At an output level of ________, demand is ________.
 
  A) 20; elastic
  B) 50; unit elastic
  C) 50; elastic
  D) 30; unit elastic


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Zebsrer

  • Sr. Member
  • ****
  • Posts: 284
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


urbanoutfitters

  • Member
  • Posts: 530
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Spirituality increases with age, but there are different patterns for the two genders. Both genders ... Spirituality increases with age, but there are different patterns for the two genders. Both genders ...
Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ... Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ...
What's Your BMI? As your BMI increases, you are more likely to be overweight or obese What's Your BMI? As your BMI increases, you are more likely to be overweight or obese
Efficient Allocation of Labor between Sectors Efficient Allocation of Labor between Sectors
Data management short answer q Data management short answer q
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library