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