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Home Q & A Board Other Fields Homework Help Business Economics
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wildcat290 wildcat290
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4 years ago

Question 1.

If the price of the product produced by labor increases, the marginal revenue product of labor curve will



▸ be unaffected because productivity of labor has not changed.

▸ shift to the left.

▸ shift to the right.

▸ become more elastic.

Question 2.

Sally's Sandwiches produces sandwiches using one variable input—labor. Sally's Sandwiches is a ________ in the labor market and a ________ in the sandwich market.



▸ producer; consumer

▸ consumer; producer

▸ consumer; consumer

▸ producer; producer
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Kailz1218Kailz1218
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wildcat290 Author
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4 years ago
Thanks for your help!!
SlimyPencil
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Yesterday
Just got PERFECT on my quiz
Marctheshark
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2 hours ago
Brilliant ツ
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