Suppose the aggregate production function is given by the following: Y = AN. Given this information, we know that labor productivity is represented by which of the following?

Refer to Figure 4-3. If the market price is $3.00, what is the consumer surplus on the first ice cream cone?

A) $0.50 B) $1.00 C) $5.50 D) $9.00

When firms in the same industry locate in the same geographic region, it is known as dumping

a. True b. False Indicate whether the statement is true or false