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Author Question: Which of the following is an example of a final good or service? a. Bricks purchased by a company ... (Read 38 times)

Chelseaamend

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on: Jun 30, 2018
Which of the following is an example of a final good or service?
 a. Bricks purchased by a company for constructing houses
  b. Wheat purchased by a bakery
 c. Steel purchased by a company for manufacturing cars
  d. A cup of coffee bought at a restaurant
 e. A used car bought by a person

Question 2

The labor supply curve facing an individual employer in a perfectly competitive labor market is:
 a. upward sloping.
  b. downward sloping.
  c. horizontal.
  d. greater than MFC.
  e. the MRP curve.


Brenm

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

d

Answer to Question 2

c


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