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…

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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