Author Question: If workers who make DVDs get a pay raise, the equilibrium price of a DVD ________ and the ... (Read 37 times)

jessicacav

  • Hero Member
  • *****
  • Posts: 558
If workers who make DVDs get a pay raise, the equilibrium price of a DVD ________ and the equilibrium quantity of DVDs ________.
 
  A) rises; increases
  B) rises; decreases
  C) falls; decreases
  D) falls; increases

Question 2

Which of the following is a condition for maximum profit?
 
  A) VMP = W.
  B) VMP = MC.
  C) MP = W.
  D) MC = W.



xiaomengxian

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

For a complete list of videos, visit our video library