Homework 3 part 2 - 10(2 points When comparing Scenario A to Scenario B the firm now earns profit A more B less Feedback Note that the firm changes its

Homework 3 part 2 - 10(2 points When comparing Scenario A...

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10.(2 points) When comparing Scenario A to Scenario B, the firm now earns _______ profit. Table for Individual Question Feedback Points Earned: 2.0/2.0 Correct Answer(s): A 11. SCENARIO C - We return to the original conditions (from scenario A) and now we let wages change. In particular, an increase in labor supply lowers the wage that the firm needs to pay to $130 . For question 11. Fill in Table C - Each box is worth ½ point for a total of 6 points for Table C TABLE C- The wage has changed to $130 but the price of output (Q) is back at its original value of $20. L Q MP L MRP

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