Refer to the above figure. The wage rate under perfect competition is

A. W2.
B. W3.
C. W4.
D. W5.


Answer: C

Economics

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The CPI basket contains 400 oranges and 800 pens. In the base year, the price of an orange is $1.00 and the price of a pen is $0.75. This year, urban consumers each buy 300 oranges at $2.00 each and 850 pens at $1.00 each

The CPI this year is ________. A) 1.60 B) 62.5 C) 160 D) 140

Economics

Refer to the figure above. The relative price of T (in terms of S) is

A) 2. B) 1/2. C) 500. D) 1000.

Economics

What is intertemporal comparative advantage?

What will be an ideal response?

Economics

Spending VCU4 on real-world goods and services causes the nation's:

a. Monetary base to rise. b. M2 money supply to fall. c. M2 money multiplier to remain the same. d. M2 money supply to rise.

Economics