From which country came the fewest immigrants during the large wave of immigrants who arrived in the U.S. in the 1840s and 1850s?
a. England
b. Germany
c. Ireland
d. Spain
d. Spain
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Total cost equals total variable cost plus marginal cost
a. True b. False Indicate whether the statement is true or false
If the price of labor is $5 and the price of capital is $10, what is the marginal rate of technical substitution at the optimal input choice?
A. 0.5 B. decreasing C. 2 D. increasing E. none of the above
A monopsony will:
A. hire more workers than a competitive employer. B. pay a higher wage than a competitive employer. C. employ a quantity of labor where the marginal revenue product equals the marginal factor cost. D. have a marginal factor cost curve equal to the labor supply curve.
Which of the following is NOT a characteristic of a monopolistically competitive market?
A. There is only one firm selling a product. B. There are many firms selling products that are similar but not identical. C. There are many firms that have some control over price. D. There are no artificial barriers to entry.