In an imperfectly competitive labor market, the firm is faced with a(n) ________ MPP curve and a(n) ________ MR curve
A) downward sloping; upward sloping
B) downward sloping; downward sloping
C) upward sloping; downward sloping
D) downward sloping; horizontal
Answer: B
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If the market price rises above $6.30, the firm will earn:
a. positive economic profits in the short run. b. zero economic profits in the short run. c. negative economic profits and shut down. d. negative economic profits in the short run but remain in business.
The CAMELS criteria to evaluate the health of banks by supervisors is not made public. Make a case for one making this information public and a case for keeping it private.
What will be an ideal response?
Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. Which of the following is true? The opportunity cost of:
A. 1 iPod in Country B is 2 tablets. B. tablets is lower in Country A than Country B. C. 1 iPod in Country A is 2 tablets. D. 1 tablet in Country A is 2 iPods.
Which of the following is the rate of unemployment that occurs after all adjustments in the labor market have occurred?
A) the structural rate of unemployment B) the cyclical rate of unemployment C) the natural rate of unemployment D) the frictional rate of unemployment