An industry in which the firm's cost structures do not vary with changes in production will have a long-run supply curve that
A. is perfectly elastic.
B. slopes downward.
C. is perfectly inelastic.
D. slopes upward.
Answer: A
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Which of the following would NOT be a factor that has contributed to the rising female labor force participation rate?
A) greater access to training B) greater access to education C) increasing family size D) reduction of barriers to competing with men for jobs
Consider the above figure. The equation for the consumption function is
A) C = 40 + 50Yd. B) C = 40 + 0.33Yd. C) C = 40 + 60Yd. D) C = 40 + 0.1Yd.
Suppose the desired reserve ratio is 10 percent. If Urban Bank has total deposits of $1,000 and total assets of $10,000, the amount of desired reserves is
A) $100. B) $900. C) $1,000. D) $9,000. E) $1,100.
A major computer software company maintains a technical support center in a rural area and is the only employer in this region
Suppose the firm develops a new software system for managing technical support calls, and the marginal product of labor increases. What happens to the equilibrium outcome in this labor market? A) Labor demand shifts rightward, equilibrium wage and employment levels decline B) Labor demand shifts rightward, equilibrium wage and employment levels increase C) Labor demand curve remains the same, equilibrium wage and employment levels increase D) Labor demand curve remains the same, equilibrium wage and employment do not change E) none of the above