Author Question: Firms hire more labor as long as A) the real wage rate is greater than the additional output the ... (Read 96 times)

leilurhhh

  • Hero Member
  • *****
  • Posts: 560
Firms hire more labor as long as
 
  A) the real wage rate is greater than the additional output the labor produces.
  B) extra labor will produce more output.
  C) the real wage rate is less than the additional output the labor produces.
  D) the nominal wage rate exceeds the real wage rate.
  E) the nominal wage rate is less than the real wage rate.

Question 2

Which of the following results in an increase in the supply of a good or service?
 
  A) a rise in the price of the good or service
  B) an increase in foreign imports of the good or service
  C) a fall in the price of the good or service
  D) a smaller number of sellers producing the good or service
  E) higher taxes imposed upon producers of the good or service



fffftttt

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

For a complete list of videos, visit our video library