The lower left-hand corner of a graph where the two axes meet is called the graph’s origin.
Answer the following statement true (T) or false (F)
True
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A country's labor demand curve shifted to the right after the adoption of a new technology. This implies that the use of the new technology ________, assuming all else equal
A) reduced the marginal product of labor B) lowered the minimum wage that firms need to pay C) increased the minimum wage that firms need to pay D) increased the marginal product of labor
Suppose Always There Wireless serves 100 high-demand wireless consumers, who each have a monthly demand curve for wireless minutes of QdH = 200 - 100P, and 300 low-demand consumers, who each have a monthly demand curve for wireless minutes of QdL = 100 - 100P, where P is the per-minute price in dollars. The marginal cost is $0.25 per minute. Suppose Always There Wireless charges $0.35 per minute. What is the highest fixed fee Always There Wireless can charge without losing the low-demand consumers?
A. $21.13 B. $42.25 C. $28.13 D. $136.13
Since the minimum wage rate began it has typically stayed at about what percentage of the average manufacturing wage?
A) 10-20% B) 20-30% C) 40-50% D) 75-80%
Capital flight raises a country's interest rate
a. True b. False Indicate whether the statement is true or false