The market demand curve for labor
A) is the same as the market demand curve for the product labor produces because it is a derived demand.
B) is determined by adding up the quantity of labor demanded by each firm at each wage, holding constant the other variables that affect the willingness of firms to hire workers.
C) is perfectly inelastic because there is a finite number of workers in the market for labor.
D) is determined by adding up the demand for labor by each firm at each wage, holding constant the other variables that affect the willingness of firms to hire workers.
B
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Jim has the following assets and liabilities:Credit Card balance$2,000Cash$500Government bonds$2,000Checking$750Car loan balance$5,000Car$15,000What is Jim's money demand?
A. $500 B. $1,250 C. $750 D. $3,250
A monopolist has demand and cost curves given by:
QD = 1000 - 2P TC = 5,000 + 50Q a. Find the monopolist's profit-maximizing quantity and price. b. Find the monopolist's profit.
The U.S. national debt at the end of fiscal year 2014 was almost
a. $13.5 trillion. b. $9.0 trillion. c. $18 trillion. d. $1.3 trillion.
The market supply in a perfectly competitive market is:
A. the sum of the quantities that each individual producer is willing to supply. B. the total quantity of a good that the biggest market shareholder supplies at a given price. C. fixed. D. derived from the MC curves from each firm after MC hits ATC.