Which of the following would cause a firm’s demand curve for labor to shift?
A. The price of a firm’s output changes.
B. The wage rate changes.
C. The number of available workers changes.
D. The wages paid by rival firms change.
Answer: A
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If good A is a normal good and income increases, the equilibrium price of A ________ and the equilibrium quantity of A ________
A) rises; increases B) rises; decreases C) falls; decreases D) falls; increases
If it costs View Your World, a high-end window manufacturer, $25 per window to install a higher quality glass in its windows and consumers will pay an additional $30 per window for the improvement, which of the following is true?
A) View Your World should install the higher quality glass because the marginal revenue from the quality enhancement is less than the marginal cost. B) View Your World should not install the higher quality glass because the marginal revenue from the quality enhancement is less than the marginal cost. C) View Your World should not install the higher quality glass because the marginal revenue from the quality enhancement exceeds the marginal cost. D) View Your World should install the higher quality glass because the marginal revenue from the quality enhancement exceeds the marginal cost.
According to fundamental analysis, when choosing stocks for your portfolio, you should prefer undervalued stocks
a. True b. False Indicate whether the statement is true or false
The higher an industry's concentration ratio is, the more competitive the industry is.
Answer the following statement true (T) or false (F)