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Title: Globalization has ________ the price of many goods, which has caused the value marginal product of ... Post by: 123kduncan on Feb 26, 2018 Globalization has ________ the price of many goods, which has caused the value marginal product of unskilled labor to ________ and the demand for unskilled labor to ________.
A) decreased; decrease; decrease B) decreased; decrease; increase C) decreased; increase; increase D) increased; increase; increase Ques. 2 Samara's income is 30 a month and she spends all of it on music downloads and gasoline. The price of a music download is 1.50 and the price of a gallon of gasoline is 3. At Samara's best affordable point, her marginal rate of substitution is ________ per video tape. A) 0.5 of a download B) 1 download C) 1.5 downloads D) 2 downloads Ques. 3 At Revolution Doughnuts in Fort Collins, Colorado, a cup of coffee or a doughnut is 1. Suppose Hannah loves going to Revolution Doughnuts and usually buys 2 doughnuts and 1 cup of coffee. On the way to the shop, Hannah finds an extra 2 dollars in change in her car and buys an extra doughnut and cup of coffee. This means A) doughnuts are an inferior good and coffee is a normal good for Hannah. B) doughnuts are a normal good and coffee is an inferior good for Hannah. C) doughnuts and coffee are normal goods for Hannah. D) doughnuts and coffee are inferior goods for Hannah. Ques. 4 A monopsony will hire another worker if the A) marginal cost of labor exceeds the value of marginal product. B) marginal cost of labor is less than the value of marginal product. C) marginal cost of labor is less than the wage rate. D) wage rate exceeds the value of marginal product. Ques. 5 Consider the perfectly competitive firm in the above figure. At what price will long-run equilibrium occur? A) 11 B) 12 C) 22 D) 23 Ques. 6 If marginal cost is less than average variable cost and output increases, average total cost ________ and average variable cost ________. A) increases; increases B) decreases; decreases C) decreases; increases D) increases; decreases Title: Globalization has ________ the price of many goods, which has caused the value marginal product of ... Post by: Troejen on Feb 26, 2018 Title: Globalization has ________ the price of many goods, which has caused the value marginal product of ... Post by: 123kduncan on Feb 26, 2018 Thank you Jesus, my teacher is bad at explaining
Title: Globalization has ________ the price of many goods, which has caused the value marginal product of ... Post by: Troejen on Feb 26, 2018 Praise the LORD ha ha No worries
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