Question: Question 38 When an increase in demand for stand-up paddleboards rises, then the demand for skilled paddleboard shapers and their marginal revenue product falls;

Question 38 When an increase in demand for stand-up paddleboards rises, then the demand for skilled paddleboard shapers and their marginal revenue product falls; falls falls; rises rises; falls rises; rises Question 39 Higher wages for data analysts would NOT cause some people to switch jobs to become data analysts. existing data analysts to work longer hours. some people to enter the workforce as data analysts. the supply curve for data analysts to shift. 2 pts 2 pts

Step by Step Solution

★★★★★

3.41 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The detailed answer for the above question is provided below 38 Answer Rise Rise Explan... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

What happens when an increase in supply is combined with a decrease in demand? In 2009 the cruise industry invested $4.7 billion on 14 new ships, and in 2010 the industry launched 12 additional new...

Multiple Choice Questions: 1. An increase in demand will increase the price but not the quantity sold in a market if a. Supply is perfectly elastic. b. Supply is perfectly inelastic. c. Supply is...

Multiple Choice Questions: 1. An increase in demand deposits combined with an equal decrease in currency in circulation would? a. Have no direct effect on M1 or M2. b. Increase both M1 and M2. c....

Nicole works as a research assistant. When her wage rate was $20 per hour, she worked 35 hours per week. When her wage rate rose to $30 per hour, she decided to work 40 hours per week. When her wage...

Multiple Choice Questions: 1. Which of the following is false about input markets? a. The greatest fraction of national income goes to wages and salaries for labor services. b. The price and quantity...

True or False: 1. By far the largest fraction of national income goes to wages and salaries for labor services. 2. The price of a productive factor is directly related to consumer demand for the...

First Republic Bancorp is considering the acquisition of a new data processing and management information system. The system, including computer hardware and software, will cost $1 million. Delivery...

1. The asymmetry in the labor market is that _______ know more than _______ about a workers _______. 2. Arrows up or down: In a labor market with asymmetric information, a firm will hire only...

Calculate the income elasticity of demand for DVDs, where a 10 percent increase in income results in a 20 percent increase in the quantity of DVDs demanded at a given price. Decide from your answer,...

a. When the Japanese government slows the rate of money growth, will that tend to strengthen the yen against the dollar or weaken the yen against the dollar? b. When the Japanese government slows the...

Consider rolling a fair six-sided die six times, independently. 1) The chance that every roll gives an even number is ? 2) The chance that three rolls show the same number and the rest show different...

its in-coming taxi Sh. H. Mukherjee constructed a building on 30th June, 2011. It had two flats of equal dimensions. One flat was let out to a tenant for residential purpose on a monthly rent of Rs...

Which of the following constitute barriers to training evaluation? a. Too much trainer expertise and lack of stakeholder interest or accountability. b. Ability to access key stakeholders and...

Find and post an article, video, or interview on why Compliance is important in an organization. Explain why you selected the particular document or materials.

What was the positive value of Max Weber's model of "bureaucracy?"

NHIKNHAK Enterprises has determined the cost of manufacturing a unit of product as follows, based on normal production of 60,0000 units per year: Direct materials Direct labor Variable factory...

just part C, please BluStar Company has two service departments, Administration and Accounting, and two operating departments, Domestic and International. Administration costs are allocated on the...

Create an appropriate display of the navel data collected in Exercise 25 of Section 3.1. Discuss any special properties of this distribution. Exercise 25 The navel ratio is defined to be a persons...

The tax analyzed in exercise 3.15 is a proportional wage tax. The U.S. federal income tax, however, is progressive. This means that the average tax rate one pays increases the more wage income is...

In this exercise, treat the real interest rate r as identical to the the rental rate on capital. A. We will now consider the responsivenessor elasticityof savings and borrowing behavior with respect...

In this exercise, we will explore how changes in output and input prices affect output supply and input demand curves. A: Suppose your firm has a production technology with diminishing marginal...

Give an example of a situation where the finite-source model can be used.

What general trade-off is involved in waiting-line decisions?

Will doubling die service rate of a single server system reduce the average waiting time in line by a factor of one-half? Explain briefly.