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

Author Question: What happens to the marginal product (MP) of labor when the market price of the good produced ... (Read 63 times)

Pineapplelove6

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
What happens to the marginal product (MP) of labor when the market price of the good produced increases?
 a. Increases proportional to price.
  b. Decreases proportional to price.
  c. Stays the same.
  d. Falls because quantity demanded falls.
  e. Rises because quantity demanded falls.

Question 2

According to classical economists, government intervention is:
 a. necessary to maintain a stable price level in the long run.
  b. necessary to maintain a stable price level in the short run.
  c. necessary to maintain full employment in the long run.
  d. necessary to maintain full employment in the short run.
  e. not necessary to maintain full employment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sierray

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

c

Answer to Question 2

e


Pineapplelove6

  • Member
  • Posts: 560
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

lindahyatt42

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

The stages of labor and delivery. (A) During the dilation stage the cervix thins and dilates to 10 c The stages of labor and delivery. (A) During the dilation stage the cervix thins and dilates to 10 c
Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
Good body mechanics for lifting heavy objects. Good body mechanics for lifting heavy objects.
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
How many grams of H2 gas can be produced by the reaction of 54.0 grams of Al(s) with an excess ... How many grams of H2 gas can be produced by the reaction of 54.0 grams of Al(s) with an excess ...
The hormone leptin is produced in fat cells, moves through the blood, and binds to receptors in the The hormone leptin is produced in fat cells, moves through the blood, and binds to receptors in the
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library