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Author Question: Other things remaining the same, if an industry introduces a labor-complementary technology in ... (Read 106 times)

TVarnum

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on: Jun 29, 2018
Other things remaining the same, if an industry introduces a labor-complementary technology in production, the demand curve for labor in that industry is likely to:
 
  A) shift to the left.
  B) shift to the right.
  C) become vertical.
  D) become horizontal.

Question 2

The figure above shows the market for a good with an external benefit. When 6 units are produced, marginal social benefit equals ________ and marginal external benefit equals ________.
 
  A) 200; 150
  B) 350; 200
  C) 200; 50
  D) 350; 150
  E) 150; 250


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Awesome

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

B

Answer to Question 2

D


TVarnum

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Bigfoot1984

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

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