What is the value marginal product of labor if: P = $10, MPL = $25, and APL = 40?

The straight-line production possibilities curve introduced in the text

A) is not subject to increasing opportunity costs. B) fails to reflect tradeoffs. C) fails to benefit trading nations. D) refutes the principles of comparative advantage. E) All of the above.

In the simultaneous move labor negotiation game:

a. The payoffs are always higher if you accommodate b. The payoffs are always higher if you bargain hard c. The payoffs from accommodating are only higher if your opponent bargains hard d. The payoffs from accommodating are only higher if your opponent accommodates