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answer all of the questions they can be simple and don't have to write a lot make sure to number the answers the refrence is
answer all of the questions they can be simple and don't have to write a lot make sure to number the answers
the refrence is Ap microecomocims unit 5
there is no other information just answer the questions
Question 13 In the current labor market. suppose that the wage rate for accountants is significantly higherthan the wage rate for economists. In the long run. if you observed that the wage rate for economists rose while the wage rate for accountants fell, which of the following would best explain your observation? 09 G @@ The supply of economists must have increased, and the supply of accountants must have decreased The supply of economists must have decreased, and the supply of accountants must have increased The demand for economists must have increased. and the supply of accountants must have decreased. The demand for economists must have decreased, and the supply of accountants must have increased. The demand for both economists and accountants must have decreased. Question 1 For a certain firm, the marginal revenue product for the last unit of labor is $60, and the marginal revenue product for the last unit of capital is $100. Which of the following combinations of factor prices would be necessary for the firm to maximize profits? Price of Labor Price of Capital (A $2 $5 Bookmark Price of Labor Price of Capital B $3 $20 Price of Labor Price of Capital C $10 $10 Price of Labor Price of Capital D $2 $25 Price of Labor Price of CapitalStep by Step Solution
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