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Author Question: The law firm of Cheep, Cheeper, and Cheeperstill offers a salary of 35,000 to first-year lawyers. ... (Read 34 times)

meagbuch

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on: Jun 30, 2018
The law firm of Cheep, Cheeper, and Cheeperstill offers a salary of 35,000 to first-year lawyers. This firm will attract applications from
 a. exactly the number of lawyers the firm wishes to hire
  b. many lawyers whose marginal revenue product is greater than 35,000
  c. many lawyers whose marginal revenue product is less than 35,000
  d. only lawyers whose marginal revenue product is equal to 35,000
  e. many lawyers whose marginal revenue cost is equal to 35,000

Question 2

Market structure
 a. has no influence on a firm's decision making
  b. applies only to industries regulated by the government
  c. is determined entirely by demand conditions in the industry
  d. influences the forms of competition among firms
  e. does not affect product price or quantity of output


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Qarqy

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

C

Answer to Question 2

D


meagbuch

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
Wow, this really help

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