This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume that automobiles are a normal good. A decrease in income will (Read 79 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Apr 19, 2019

Question 1

If product demand decreases and product price decreases


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

Question 2

Assume that automobiles are a normal good. A decrease in income will


◦ shift the marginal revenue product curve of auto workers to the left.
◦ move a firm up 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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Kthamas on Apr 19, 2019

jrpg123456

  • Sr. Member
  • ****
  • Posts: 317
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.
Answer Preview
Only 25% of students answer this correctly


Kthamas

  • Member
  • Posts: 546
Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

“Bad,” “neutral,” and “good” mutations. “Bad,” “neutral,” and “good” mutations.
Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ... Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ...
How to find the tangential and normal components of a vector How to find the tangential and normal components of a vector
Quality of U.S. and Japanese-made Automobiles Quality of U.S. and Japanese-made Automobiles
Bone formation in normal mice and mutants for the runt gene Cbfa1 Bone formation in normal mice and mutants for the runt gene Cbfa1
Illustration of the anatomy of a normal subject (A) and a patient with sleep apnea (B) Illustration of the anatomy of a normal subject (A) and a patient with sleep apnea (B)
Video: Bone tissue types - compact and spongy

For a complete list of videos, visit our video library