The usual shape for a labor supply curve is
a. horizontal
b. vertical
c. dependent on the particular industry
d. downward sloping
e. upward sloping
E
Economics
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Suppose you produce 10 bikes a day for a total cost of $1000. Total costs increase to $1100 when you produce 15 bikes. Finally, total costs increase to $1300 if you make 20 bikes
A graph showing the relationship between total costs and the number of bikes produced would be A) a negatively-sloped line that becomes steeper. B) a positively-sloped line that becomes steeper. C) a negatively-sloped line that becomes flatter. D) a positively-sloped line that becomes flatter.
Economics
Why does marginal cost eventually rise as output increases?
What will be an ideal response?
Economics