Refer to the table above. Suppose that the only variable input that the firm uses is labor. What is the wage paid to a worker in the firm?
A) $1
B) $5
C) $10
D) $15
C
Economics
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Inflation will
A) decrease the quantity of real GDP demanded. B) decrease aggregate demand. C) increase the quantity of real GDP demanded. D) increase aggregate demand.
Economics
Economic profit is accounting profit minus the cost of capital
Indicate whether the statement is true or false
Economics
Market prices are
a. conveyors of information. b. determined by the interactions of supply and demand in voluntary exchange. c. indicators of the relative scarcity of resources and products. d. all of the above.
Economics
Which goes exclusively to the poor?
A. Medicaid B. Medicare C. Social Security D. Unemployment insurance benefits
Economics