The chart below describes the short run productivity of workers at Paper Pushers Inc. ,an office support firm that has no variable costs other than labor.
If the price of pages increases,the demand for workers will
A) remain the same,as the workers are hired in the labor market and the product is sold in the paper processing market.
B) increase because the workers will be motivated to produce more.
C) increase because the value of what the workers make has increased.
D) decrease because at a higher sales price the firm will not have to produce as much output.
Correct Answer:
Verified
Q23: In order to maximize profits or minimize
Q27: If demand for the product you make
Q29: The value of marginal product curve is
Q30: The general rule governing the hiring of
Q35: The chart below describes the short
Q37: In the market for labor, the demand
Q41: Demographers predict that the average age of
Q42: Assume that this graph illustrates a perfectly
Q44: Assume that this graph illustrates a perfectly
Q58: If a perfectly competitive firm finds that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents