A Cournot duopoly firm's labor demand curve
A) is given by P[1 + 1/(2e)] MPL.
B) is equal to P(1 + 1/e) MPL.
C) is given by P(1 + 1/e) MR.
D) is equal to P(e + 1/e) MPL.
D
You might also like to view...
The formula used to determine how long it will take a country to double its real GDP is called
A) the nominal-to-real formula. B) the double-or-nothing formula. C) the expenditure multiplier. D) the rule of 70.
Mike has been unemployed for over a year. He hasn't looked for a job in the last three months, but he's just started looking for work again. Because Mike started looking for a new job,
A) the labor force participation rate decreased. B) the unemployment rate increased. C) the unemployment rate decreased. D) the working-age population increased.
Federal land policy of the United States was much less generous toward squatters than some of the colonial government's land policies before Independence
Indicate whether the statement is true or false
Maggie is trying to convince her friend Hannah to spend the morning at the beach instead of studying economics. Maggie’s argument is that the beach is free so will not cost Hannah anything to go. Maggie even volunteers to drive. Maggie’s argument
a. is correct; it is free to go to the beach. b. is forgetting Hannah’s opportunity cost of not being able to study. c. assumes Hannah has to eat at home or the beach so it will not cost Hannah additional money. d. is forgetting sunk costs.