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Author Question: If the market price of the product that employs labor in production increases: a. the marginal ... (Read 59 times)

Kikoku

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  • Posts: 540
on: Jun 30, 2018
If the market price of the product that employs labor in production increases:
 a. the marginal product of labor increases.
  b. the demand curve for labor shifts to the left.
  c. the price of labor decreases.
  d. the marginal revenue product of labor increases.
  e. the supply curve of labor shifts to the left.

Question 2

Which of the following is a possible cause of a rightward shift in the supply of healthcare?
 a. A fall in the price of resources used to produce healthcare products
 b. An increase in the price of resources used to produce healthcare products
  c. A fall in the profit expectations of healthcare providers
 d. A fall in the number of suppliers of healthcare
 e. An expectation of an increase in the price of healthcare products in future


diana chang

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


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