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

Author Question: When the total product curve is drawn in a figure that measures employment along the horizontal ... (Read 77 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: Jun 29, 2018
When the total product curve is drawn in a figure that measures employment along the horizontal axis, it is a graph that shows the
 
  A) minimum cost of producing a given amount of output using different techniques.
  B) maximum profit attainable for each unit of output sold per unit of labor employed.
  C) maximum output attainable for each quantity of labor employed.
  D) minimum output attainable for each quantity of labor employed.

Question 2

The more substitutes available for a product, the
 
  A) larger is its price elasticity of demand.
  B) smaller is its income elasticity of demand.
  C) smaller is its price elasticity of demand.
  D) larger is its income elasticity of demand.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Yixagurpuldink

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Lobcity

  • Member
  • Posts: 524
Reply 2 on: Jun 29, 2018
Wow, this really help

blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Population predictions for 2000–2050, using three different total fertility rates ( Population predictions for 2000–2050, using three different total fertility rates (
A theoretical photosynthetic response curve. A theoretical photosynthetic response curve.
A Dose-Response Curve A Dose-Response Curve
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ... Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ...
The distribution of cones and rods over the human retina. The figure illustrates the number of cones ... The distribution of cones and rods over the human retina. The figure illustrates the number of cones ...
Video: Bone Healing Animation

For a complete list of videos, visit our video library