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Author Question: The first table shows the market demand schedule for CDs, and the second table shows the cost ... (Read 167 times)

lilldybug07

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on: Jun 29, 2018
The first table shows the market demand schedule for CDs, and the second table shows the cost structure of each firm. The CD market is perfectly competitive and there are 100 identical firms.
 
  The market price of a CD is ________, and ________ CDs are produced and sold. A) 9.00; 20,000
  B) 9.50; 15,000
  C) 10.00; 10,000
  D) 8.50; 24,000

Question 2

In the figure above, if the minimum wage is 2 per hour, then
 
  A) the quantity of labor supplied is 4 million hours and the quantity of labor demanded is 2 million hours.
  B) the quantity of labor demanded is 4 million hours and the quantity of labor supplied is 2 million hours.
  C) unemployment is 1 million hours.
  D) the quantity of labor supplied is 3 million hours and the quantity of labor demanded is 3 million hours.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Kaytorgator

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lilldybug07

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Reply 2 on: Jun 29, 2018
:D TYSM

mochi09

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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