Reducing _____ the benefits available to the buyer and seller and might also enable them to make exchanges that were previously impossible

At full employment, there is no

A) structural unemployment. B) frictional unemployment. C) unemployment. D) structural and seasonal unemployment. E) cyclical unemployment.

Graphically, a firm determines the optimal amount of labor to hire in its production at:

a. the point of intersection of the marginal product of labor curve and the market wage rate. b. the point of interception of the marginal revenue product curve and the horizontal axis. c. the point of intersection of the marginal revenue product curve and the market wage rate. d. the point of interception of the market wage rate and the vertical axis.