In this graph of a firm’s supply and demand for labor, at what point are profits of labor maximized?
a. before MRP reaches W*
b before q* reaches W*
c. when there are q* workers
d. when quantity is highest
c. when there are q* workers
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A perfectly competitive firm produces 3,000 units of a good at a total cost of $36,000. The price of each good is $10. Calculate the firm's short-run profit or loss
A) loss of $6,000 B) profit of $30,000 C) profit of $6,000 D) There is insufficient information to answer the question.
Other things the same, in the Solow model in the steady state, a higher rate of population growth ________ growth rate of output
A) leads to a higher B) leads to a lower C) has no long-run effect on the D) has an ambiguous effect on the
If a project's only risk is diversifiable,
A) only half the risk premium should be added to the discount rate. B) only half the risk premium should be subtracted from the discount rate. C) the risk premium should be added to the discount rate. D) the risk premium should be subtracted from the discount rate. E) no risk premium should be attached to the discount rate.
When a foreign resident increases her holdings of a U.S. financial asset, the
A. financial account of the U.S. balance of payments will be debited. B. financial account of the U.S. balance of payments will be credited. C. current account of the U.S. balance of payments will be credited. D. current account of the U.S. balance of payments will be debited.