As pollution emissions increase, the added cost of one more unit of emissions goes down.
Answer the following statement true (T) or false (F)
False
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What are the factors that can shift the short-run aggregate supply curve but not the long-run aggregate supply curve? Explain your answer
What will be an ideal response?
A firm in a perfectly competitive market maximizes profits when it finds
A) the price at which total revenue minus total cost is the greatest. B) the quantity at which total revenue minus total cost is the greatest. C) the quantity at which total revenue equals total cost. D) the quantity at which total revenue is maximized.
The labor demand curve shows the
a. number of workers that firms will want to hire at any wage rate b. number of people who will want jobs at any wage rate c. amount of labor that a firm needs to produce a given amount of output d. equilibrium wage rate and number of workers employed e. amount of output workers will be able to buy for a given number of hours worked
A firm's total revenue is simply the price of its product multiplied by the quantity sold
a. True b. False Indicate whether the statement is true or false