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

Author Question: The labor demand curve is based on the firm's: a. average revenue curve. b. marginal product ... (Read 66 times)

craiczarry

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
The labor demand curve is based on the firm's:
 a. average revenue curve.
  b. marginal product curve.
  c. marginal cost curve.
  d. average cost curve.
  e. marginal revenue product curve.

Question 2

Since an expensive sports car constitutes a greater portion of a consumer's budget than does laundry soap, the price elasticity of demand for an expensive sports car is _____.
 a. relatively less elastic
  b. unit-elastic
  c. perfectly inelastic
  d. relatively more elastic
  e. perfectly elastic


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cloud

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

d


craiczarry

  • Member
  • Posts: 527
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

(a) Mean duration (days) and (b) average maximum depth (mm) of snow cover throughout northern latitu (a) Mean duration (days) and (b) average maximum depth (mm) of snow cover throughout northern latitu
The same star field photographed with (a) a ground-based telescope, which is subject to poor seeing The same star field photographed with (a) a ground-based telescope, which is subject to poor seeing
Play in Four Cultures Across cultures, play is the most common activity in early childhood. Source: Play in Four Cultures Across cultures, play is the most common activity in early childhood. Source:
Proportion of Women and Men in the U.S. Labor Force Proportion of Women and Men in the U.S. Labor Force
How to find the equation of a cosine curve How to find the equation of a cosine curve
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Video: Stroke volume - preload, sarcomere length and Frank -Starling law

For a complete list of videos, visit our video library