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Author Question: Assume consumer demand for CD-ROMs increases. The result is a(n): a. increase in derived demand for ... (Read 150 times)

Zulu123

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on: Jun 30, 2018
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.


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dpost18

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

d

Answer to Question 2

b


Zulu123

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Reply #2 on: Jun 30, 2018
Correct answers!


dpost18

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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