The above table has the total product schedule for Joe's Barber Shop. Joe charges 6 per haircut. If the wage rate falls from 24 per worker to 12 per worker, the quantity of labor hired ________ and the new number of workers employed is ________.
A) increases; 2
B) decreases; 2
C) increases; 5
D) increase; 3
Question 2
A monopolistically competitive firm will always choose to produce where
A) marginal revenue equals marginal cost.
B) marginal cost meets the demand curve.
C) average total cost meets the demand curve.
D) average total cost is minimized.
The effective temperature, or black body temperature, of the Sun (5777 K) is the temperature a black
Assisting the patient to transfer from the bed or examining table to a wheelchair.
Checklist for Choosing a Massage Table Cont.
The Farm-to-Table Continuum
Two tiny particles having charges of +7.00 μC and -9.00 μC are placed along the y-axis. The ...
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...