Refer to Table 9-12. With trade, what is the total gain in sword production?

For computers and other business equipment, small changes in business earnings tend to generate relatively large short-run changes in the demand for this equipment

In the long run, the responsiveness of demand for business equipment with respect to income changes tends to be: A) even more responsive. B) less responsive. C) equally responsive. D) none of the above

The marginal factor cost of a monopsonist is

A) upward sloping and the same as the supply curve. B) downward sloping when the supply curve of labor is upward sloping. C) upward sloping and rises faster than the supply curve. D) horizontal.