The questions below are based on the table below. Fill in the blank spaces first. 
How many will be employed if the product market is perfect and the labor market is imperfect?
What will be an ideal response?
Compare the VMPL with the MFC. After 3 workers the VMPL < MFC.
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Economic models must be tested with data to see if they are correct.
Answer the following statement true (T) or false (F)
Capital gains are the profits earned by investors from the sale of stocks, bonds, real estate, or other assets
Indicate whether the statement is true or false
In the long run which of the following is true?
A) There are no fixed costs. B) The size of a firm's physical plant can be changed but the firm cannot adopt new technology. C) The firm can vary its explicit costs but not its implicit costs. D) Total cost = fixed cost + variable cost.
Explain how menu costs affect the slope of the short-run aggregate supply curve
What will be an ideal response?