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Author Question: Assume that automobiles are a normal good. An increase in income will (Read 81 times)

ahriuashd

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on: Apr 19, 2019

Question 1

If product demand increases and product price increases


◦ the marginal revenue product curve will shift to the right.
◦ the marginal revenue product curve will shift to the left.
◦ the firm will move up the marginal revenue product curve and hire fewer units of the input.
◦ the firm will move down the marginal revenue product curve and hire more units of the input.

Question 2

Assume that automobiles are a normal good. An increase in income will


◦ shift the marginal revenue product curve of auto workers to the left.
◦ move a firm down the marginal revenue product curve of auto workers.
◦ shift the marginal revenue product curve of auto workers to the right.
◦ have no effect on the marginal revenue product curve of auto workers.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by ahriuashd on Apr 19, 2019

xthemafja

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ahriuashd

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Reply #2 on: Apr 19, 2019
Thank you!


xthemafja

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Reply #3 on: Apr 19, 2019
Always glad to help...


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