The demand curve for labor of Coca-Cola manufacturers will not shift to the right if:
A. Coca-Cola workers become unionized.
B. the price of Coca-Cola increases.
C. the firms innovate with new technology that raises labor productivity.
D. the price of Pepsi increases.
Answer: A
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In the model of the perfectly competitive firm, the firm's fixed costs are equal to its implicit costs of production
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A) doesn't exist. B) lies below the demand curve. C) is identical to the demand curve. D) lies above the demand curve.
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