Assume That Automobiles Are a Normal Good

question 137

Multiple Choice

Assume that automobiles are a normal good. An increase in income will

• A) shift the marginal revenue product curve of auto workers to the left.
• B) move a firm down the marginal revenue product curve of auto workers.
• C) shift the marginal revenue product curve of auto workers to the right.
• D) have no effect on the marginal revenue product curve of auto workers.

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Definitions:

Consequently

A term indicating that as a result of something previously stated, a logical conclusion or outcome follows.

Explanation

A statement or account that makes something clear or understandable by describing the relevant structure, mechanisms, reasons, or context.

Neutered

The process of removing the reproductive organs of an animal, often done to prevent breeding and manage population control.

Roswell

A city in New Mexico, USA, famously associated with reports of a UFO incident in 1947.