Refer to the information provided in Figure 10.4 below to answer the question(s) that follow. 
Figure 10.4 Refer to Figure 10.4. Firms will
A. hire 175 units of labor at a market wage of $15.
B. hire 100 workers at a wage of $25.
C. hire 100 units of labor at a market wage of $15 and have a surplus of $5 per unit of labor.
D. indeterminate from the given information
Answer: A
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If the production of a product results in significant external costs, an appropriate government policy might be to
A. subsidize consumers since the good is being under-consumed. B. subsidize the production of the good. C. tax consumers' incomes and thus shift the demand curve to the left. D. tax producers and thus shift the supply curve to the left.
The marginal product of labor (measured in units of output) for Relient Corp. is given by MPN = A(200 - N)where A measures productivity and N is the number of labor hours used in production. Suppose the price of output is $3 per unit and A = 2.0. What will be the demand for labor if the nominal wage is $30?
A. 185 B. 195 C. 170 D. 190
The relationship between the level of prices and total quantity of goods and services producers are willing to supply is represented by the
A) aggregate supply curve. B) aggregate demand curve. C) sticky price curve. D) GDP multiplier.
The primary source of corporate financing in the United States is
a. the sale of stock. b. the sale of bonds. c. retained earnings. d. lending from commercial banks.