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Author Question: The demand for labor curve is derived from the: A) total product of labor. B) supply curve for ... (Read 65 times)

pepyto

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  • Posts: 547
on: Jun 29, 2018
The demand for labor curve is derived from the:
 
  A) total product of labor.
  B) supply curve for labor.
  C) average product of labor.
  D) value of marginal product of labor.

Question 2

The marginal cost to the phone company of handling a long distance call is likely to be
 
  A) higher the fewer such calls people make.
  B) higher the more the phone company has invested in equipment.
  C) substantially less than the price charged for the call.
  D) substantially more than the price charged for the call.


jasonq

  • Sr. Member
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  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


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