The price for a unit of labor is the wage rate. What happens to the quantity of labor demanded if the wage rate increases?
A. It increases.
B. It decreases.
C. It does not change.
D. The outcome depends upon the supply of the good.
Answer: B
Economics
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Answer the following statement true (T) or false (F)
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Explain why the marginal propensity to save and the marginal propensity to consume sum to 1
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One aggregates individual demand curves by adding
A. vertically. B. horizontally and subtracting vertically. C. horizontally. D. vertically and subtracting horizontally.
Economics
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. 
Figure 9.1Refer to Figure 9.1. If this farmer maximizes profits, his average variable cost will be
A. $7. B. $9. C. $11. D. $15.
Economics