Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 100 and that it is 150 in country B.) What part of domestic output in country A is the total wage bill before and after the immigration?



A. $500M before and $800M after



B. $500M before and $100M after



C. $400M before and $100M after



D. $400M before and $500M after


A. $500M before and $800M after

Economics

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Assume that the price elasticity of demand is ?0.75 for a certain firm's product. If the firm lowers price, the firm's managers can expect total revenue to:

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Refer to the information provided in Figure 2.4 below to answer the question(s) that follow. Figure 2.4According to Figure 2.4, Point E necessarily represents

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a. True b. False

Economics