Refer to the table below. At a price of $6, the weekly market quantity demanded for hamburger is:
The table below shows the weekly demand for hamburger in a market where there are just three buyers.
A. 17
B. 23
C. 18
D. 24
Answer: A
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A. unemployment rate; higher B. labor force; unchanged C. labor force participation rate; lower D. unemployment rate; lower
For which of the following market structures is it assumed that there are barriers to entry?
A) Perfect competition B) Monopolistic competition C) Monopoly D) all of the above E) B and C only
Which of the following can shift the labor demand curve to the left?
a. decrease in the price of the good b. increase in the wage rate c. decrease in the wage rate d. increase in MPP e. increase in labor productivity
Given the exit rule, where does a firm's long-run supply curve derive from? It is the section of the:
A. MC curve that lies above the ATC curve. B. AVC curve to the right of its minimum. C. MC curve that lies above the AVC curve. D. ATC curve to the right of its minimum.