If the demand for a final product rises

Assignment Help Business Economics

Reference no: EM131083420

If the demand for a final product rises, then this results in

a. a decrease in the product–s price at the current quantity.

b. an increase in marginal revenue.

c. a reduction in the marginal revenue product of labor.

d. a fall in the demand for labor by the firm producing this item.

Reference no: EM131083420

Questions Cloud

Firms in monopolistic competition and firms in oligopoly : Explain what is the difference between firms in monopolistic competition and firms in oligopoly. What does this difference mean for prices and quantities and for economic profit?

Price elasticity of demand for two customer segments : Kashian Motors has determined that the price elasticity of demand for two customer segments (A Luxury Car and a Premium Car) is -1.35 and -1.55. Based on their expectations of profitability, Kashian realizes the price of a Luxury Car should be $51,50..

Actors knowingly signed to the terms of the contract : In July 2012, the six adult cast members of the hit TV show Modem family filed a joint law suit against Twenty century fox Television in an attempt to vid their contracts. The lawsuit claimed that their contracts were illegal, in that the contracts b..

Monopolist flexibility to employ nonlinear pricing schemes : We see that monopolist internalize the effect of its production on prices, which leads to a contraction of output. Explain why giving the monopolist flexibility to employ nonlinear pricing schemes can undo this problem?

If the demand for a final product rises : If the demand for a final product rises, then this results in

Great recession-different fiscal and monetary policies : As discussed in the course, the U.S. Economy passed through what has now come to be known as 'The Great Recession'. The government and the Federal Reserve responded with different fiscal and monetary policies. Identify these Monetary and Fiscal polic..

Explain why velocity of money systematically tends : Explain why velocity of money systematically tends to increase in periods of robust economic expansion. What is the effect on velocity of money if the following occurs? Banks begin to pay high interest rate on deposits. Great uncertainty is created a..

The natural rate of unemployment : Suppose short-run output over the next four years is falling and is at the levels of +2%, +1%, 0%, and -1%. According to Okun's law, what unemployment rates should we expect to see in this economy?

Why in this case would the opinion differ than in community : In community A, there is a single beekeeper and a single garden. The bees obtain nectar from the garden but provide no relevant pollination services. The bees, however, are a nuisance to the owner of the garden. The garden owner brings a lawsuit agai..

User Account

All Pages