In the above figure, the competitive firm will employ the quantity of labor
A) equal to Lc.
B) equal to Lb.
C) less than Lb.
D) greater than Lc.
B
Economics
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In a stock market boom ________
A) autonomous consumption might increase because stock holders might feel richer and consume more B) autonomous investment might increase because a higher stock value for a firm helps firms raise funds for increased investment C) the IS curve might shift to the right D) all of the above E) none of the above
Economics
The effect of a change in net taxes on the quantity of real GDP demanded equals the resulting shift in the consumption function times _____
a. the marginal propensity to consume b. the marginal propensity to save c. the autonomous net tax multiplier d. the simple spending multiplier e. the marginal tax rate
Economics