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Author Question: As a result of an increase in the supply of a good, the equilibrium quantity ________ and the ... (Read 55 times)

jilianpiloj

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on: Jun 29, 2018
As a result of an increase in the supply of a good, the equilibrium quantity ________ and the equilibrium price ________.
 
  A) increases; falls
  B) increases; rises
  C) decreases; falls
  D) decreases; rises

Question 2

In the table above, the value of marginal product of the third unit of labor is
 
  A) 3.
  B) 4.
  C) 12.
  D) 16.


fdliggud

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

A

Answer to Question 2

C


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