Assume consumer demand for CD-ROMs increases. The result is a(n): ...

[Zulu123]

Assume consumer demand for CD-ROMs increases. The result is a(n):
 a. increase in derived demand for workers in the CD-ROM industry.
  b. increase in the marginal revenue product of firms in the CD-ROM industry.
  c. rightward shift in the market demand for labor curve in the CD-ROM industry.
  d. all of these.
  e. none of these.

Question 2

In the long run, a firm might experience rising per-unit cost due to:
 a. economies of scale.
  b. diseconomies of scale.
  c. the law of supply.
  d. the law of diminishing marginal returns.

[dpost18]

Answer to Question 1

d

Answer to Question 2

b

[Zulu123]

Correct answers!

[dpost18]

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