I need help with econ multiple hw questions asap!101) Typically, as a firm hires additional workers, what happens to the marginal product of labour and the value of the marginal product of labour? A. The marginal product of labour and the value of the marginal product of labour both decrease. B. The marginal product of labour decreases, and the value of the marginal product of labour increases. C. The marginal product of labour stays constant, and the value of the marginal product of labour decreases. D. The marginal product of labour decreases and the value of the marginal product of labour stays constant.100) If the price of airline tickets falls, what will happen to the demand curve for flight attendants? A. The slope of the demand curve will decrease. B. It will shift to the left. C. It will shift to the right. D. The slope of the demand curve will increase.

(101). Marginal product of labour means the additional output a firm get by using an additional unit…

Answered: I need help with econ multiple hw…

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter8: Costs And The Supply Of Goods

Section: Chapter Questions

Problem 19CQ

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I need help with econ multiple hw questions asap!

101) Typically, as a firm hires additional workers, what happens to the marginal product of labour and the value of the marginal product of labour?

A. The marginal product of labour and the value of the marginal product of labour both decrease.
B. The marginal product of labour decreases, and the value of the marginal product of labour increases.
C. The marginal product of labour stays constant, and the value of the marginal product of labour decreases.
D. The marginal product of labour decreases and the value of the marginal product of labour stays constant.

100) If the price of airline tickets falls, what will happen to the demand curve for flight attendants?

A. The slope of the demand curve will decrease.
B. It will shift to the left.
C. It will shift to the right.
D. The slope of the demand curve will increase.

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