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 32 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
YES! Correct, THANKS for helping me on my review

amandalm

  • Member
  • Posts: 306
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Normal Faults Common at divergent plate boundaries Normal Faults Common at divergent plate boundaries
Density of Papillae, and Hence Taste Buds, in a Supertaster and in a Normal Taster Density of Papillae, and Hence Taste Buds, in a Supertaster and in a Normal Taster
The Head Start program was designed to increase the school readiness of low-income children. The Head Start program was designed to increase the school readiness of low-income children.
The Abecedarian study was designed to help very low-income African American children prepare for ... The Abecedarian study was designed to help very low-income African American children prepare for ...
Symporter protein in the loop of Henle: (a) normal reabsorption of inhibition of the Na+, K+, and ... Symporter protein in the loop of Henle: (a) normal reabsorption of inhibition of the Na+, K+, and ...
Normal red blood cells (RBCs) are flexible and donut-shaped and move with ease through blood ... Normal red blood cells (RBCs) are flexible and donut-shaped and move with ease through blood ...
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library