Solved

(Table: Production and Prices in Two Industries) According to the Information

Question 139

Multiple Choice

(Table: Production and Prices in Two Industries) According to the information provided in the table, if the price of the agriculture good decreases to $5, then: (Table: Production and Prices in Two Industries)  According to the information provided in the table, if the price of the agriculture good decreases to $5, then:   A)  wages in the manufacturing sector will be $25. B)  the wage rate in the agriculture sector will be $25. C)  the marginal product of both sectors will decline. D)  more agriculture goods should be imported.


A) wages in the manufacturing sector will be $25.
B) the wage rate in the agriculture sector will be $25.
C) the marginal product of both sectors will decline.
D) more agriculture goods should be imported.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions