Changes in all of the following will shift the demand curve for labor except
A) the real wage rate.
B) the quantity of capital.
C) the technology of production.
D) the skill level of workers.
A
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April quit her job as an accountant at Ernst and Young, where she was paid $45,000 per year. She started her own landscaping business. She rents machines and tools for $50,000 and pays $10,000 as wages to her hel
A) Her accountant calculates her profit as $40,000. B) She has an economic loss. C) Her explicit cost is $105,000. D) Both answers A and B are correct. E) Both answers A and C are correct.
Which type of demand for money causes the demand for money curve to slope downward?
a. Speculative demand. b. Precautionary demand. c. Transactions demand. d. Foreign-exchange demand.
Relative Importance
What will be an ideal response?
In a monopolistically competitive market there are
A. many firms producing totally different products. B. many firms producing similar but not identical products. C. many firms producing an identical product. D. few firms producing identical products.