The questions below are based on the table below. Fill in the blank spaces first.  The Supply of Labor is W = 10 + 3QLHow many laborers will be hired if the product and labor markets are both imperfect?

What will be an ideal response?


  

Compare the MRPL with the MFC. Two laborers will be hired because MFC of third is 25 and VMPL for the third worker is only 19.2.

Economics

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Which of the following nations DOES use the euro and participates in the Treaty on European Union?

A) Sweden B) Denmark C) Portugal D) The United Kingdom E) Norway

Economics

Which of the following causes the supply of leather jackets to decrease?

a. an increase in the price of leather jackets b. an increase in the price of leather c. a decrease in the price of zippers d. an increase in the number of motorcycles e. a decrease in consumer income

Economics

Which of the following probably has the shortest long run?

a. a law firm b. a steel mill c. an automobile plant d. a tire factory e. an aircraft engine factory

Economics

Which of the following would increase the demand for U.S. dollars in the foreign exchange market?

a. the spending of U.S. tourists in France b. the purchase of Japanese automobiles by American consumers c. the sale of U.S. computer equipment to a Canadian buyer d. the purchase of a Mexican shoe factory by a U.S. investor

Economics