If the price effect outweighs the income effect of a wage increase, the labor-supply curve will:
A. slope downward.
B. slope upward.
C. be perfectly horizontal.
D. be perfectly flat.
B. slope upward.
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Average total cost and marginal cost express information that is already contained in a firm's total cost
a. True b. False Indicate whether the statement is true or false
To record adjusting journal entries in QuickBooks, select:
a. Company Center, Journal Entry icon b. Accountant menu, Make General Journal Entries c. Banking section of the Home page, Journal Entry icon d. Company section of the Home page, Journal Entry icon
A year-long drought that destroys most of the summer's crops would be considered a:
A. short-run supply shock. B. long-run demand shock. C. long-run supply shock. D. short-run demand shock.
Which of the following is NOT a determinant of an individual's marginal product?
A. talent B. educational level C. experience D. money income