Real money supply expresses the money supply in terms of real goods and services

Sweet Husks is a perfectly competitive corn farm. Currently, the expected price of an ear of corn is $0.40 and, at its current production level, Sweet Husks has a marginal cost of $.30 per ear. The expected profit from producing an additional ear of corn is ________.

A) $0.10 B) $0.70 C) $0.20 D) $0.40

The imposition of an effective minimum wage in a non-competitive industry might result in

A. more workers being hired. B. workers earning a lower wage. C. an increase in labor demand. D. a decrease in labor supply. E. higher firm profits.