Which of the following is likely to happen if the government of a country introduces a subsidy on job creation?
A) The labor demand curve shifts to the right. B) The labor supply curve shifts to the right.
C) The labor supply curve shifts to the left. D) The labor demand curve shifts to the left.
A
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For a monopolistically competitive firm, the demand curve
A) is a horizontal line. B) has a positive slope. C) is vertical. D) has a negative slope. E) is the same as the marginal revenue curve.
A decrease in the price of a fixed factor of production decreases total cost and
A) increases marginal cost. B) leaves marginal cost unchanged. C) decreases marginal cost. D) increases variable cost.
A motorist who decides to enter a busy expressway during the morning rush hour
What will be an ideal response?
Use the above table. The MFC of the 3rd worker is
A. $30. B. $6.7. C. $5. D. $20.