Which graph in the above figure represents the isoquants where, as the amount of labor used increases and the amount of capital used decreases, the marginal product of labor rises
(units of capital per day is on the vertical axis and units of labor per day is on the horizontal axis)?
A) Graph A
B) Graph B
C) Graph C
D) Graph D
D
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Based on labor-market studies using regression analysis, once productivity-related characteristics are accounted for, the remaining wage gap between young and educated women and men is approximately
A) 2%. B) 5%. C) 15%. D) 20%.
A tax on suppliers will cause the supply curve to shift
A. up. B. down. C. right. D. left.
If aggregate output is below its equilibrium level ________
A) there is an excess demand for goods B) actual output is below planned expenditure C) firms will tend to replenish their low inventories driving output up toward equilibrium D) all of the above E) none of the above
The owner of a network will always want to be compatible with other networks in order to take advantage of network economies
Indicate whether the statement is true or false