An increase in demand for mobile device apps occurs. Which of the following statements is TRUE for individual firms that produce mobile device apps?
A. The price of mobile device apps will increase leading to an increase in the demand for labor by the firm.
B. The price of mobile device apps will increase leading to a decrease in demand by customers leading to a decrease in the demand for labor by the firm.
C. The price of mobile device apps will decrease leading to an increase in the demand for labor by the firm.
D. A change in demand at the industry level does not influence an individual firm's demand curve for labor.
Answer: A
You might also like to view...
The city of London imposes congestion fees on cars and trucks that drive in central London. The charge is higher Monday through Friday than on weekends. This example of
A. peak pricing. B. positive externalities. C. profit maximizing. D. British socialism.
For an economy to be in equilibrium at full employment is, according to Keynes,
a. the natural result of the economy process b. always the result of government intervention c. strictly a matter of historical accident d. a matter of convincing investors to match the level of saving in the economy e. an unattainable goal
Anna recently graduated from college with a degree in electrical engineering, but she has not yet started working. To be counted as "unemployed" she
a. does not have to have looked for work. b. must have looked for work no more than a week ago. c. must have looked for work no more than four weeks ago. d. must have looked for work no more than twelve weeks ago.
There are 20 residents in the village of Towneburg. The size of the village's annual fireworks display depends upon the number of shells that are fired off. Each resident's demand for fireworks is shown below. The total cost of the fireworks display is $1,000 plus $10 per shell.
Cheap Charlie is one of Towneburg's 20 residents. While Charlie enjoys fireworks as much as the next Towneburger, when the fireworks fund-raising campaign kicks off, he claims to hate them. Cheap Charlie is trying to:
A. log-roll. B. free ride. C. rent seek. D. force the village to be more efficient.