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Author Question: Which of the following is true of an intermediate good? a. It is of no value to the seller. b. It ... (Read 100 times)

Zulu123

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on: Jun 30, 2018
Which of the following is true of an intermediate good?
 a. It is of no value to the seller.
 b. It is of no value to the buyer.
 c. It is purchased for household production.
  d. It helps produce another good.
 e. It is sold at a discounted price by firms.

Question 2

If the wage rate is fixed at a certain level, the:
 a. total wage cost curve is horizontal.
  b. total wage cost curve is a straight upward sloping line.
  c. MP must be constant.
  d. total wage cost curve will increase at an increasing rate.
  e. total wage cost curve will increase at a decreasing rate.


yeungji

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

d

Answer to Question 2

b


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Zulu123

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Reply #2 on: Jun 30, 2018
Thank you


yeungji

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Reply #3 on: Jun 30, 2018
No problemo


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