Refer to the given table. Relative to column A, column B represents:Price Per UnitColumn A Units Per YearColumn B Units Per Year$20100110$308595$407080$505565$604050
A. a decrease in demand.
B. an increase in supply.
C. a decrease in supply.
D. an increase in demand.
Answer: D
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The labor supply curve starts to bend backward once the
A. Marginal revenue product of labor equals the marginal utility of leisure. B. Substitution effect exceeds the income effect. C. Income effect exceeds the substitution effect. D. Total utility of leisure outweighs the total utility of labor.
one way of alleviating opportunism is
What will be an ideal response?
Distinguish M1 from M2.
What will be an ideal response?