I would close your eyes for intervals of ten seconds before hand, this helps me for temporarily.
Answer:
d. a decrease in price increases quantity demanded.
Explanation:
Law of demand: According to the law of demand, if the price of the good decreases, the quantity demanded would increase and vice versa. It shows an inverse relationship between price and quantity demanded. That's why its curve is always downward sloping
It effects the price and quantity demanded only and other things remain constant.
D)
Market equilibrium occurs when supply = demand
Answer:
$600
Explanation:
The computation of the value of the marginal product of labor is shown below:-
Value of marginal product of labor (MRPL) of the 10th worker = MRP Price = Maximum retailing price
= 10 × $60
= $600
Therefore for computing the marginal product of labor we simply applied the above formula and we ignore all other values as they are not relevant.