Paper Pushers Inc. hires workers in a competitive labor market. Apart from labor, the company has no other variable inputs. The company’s hourly output varies with the number of workers hired, as shown in the table. Workers Pages/hour 0 0 1 40 2 75 3 105 4 125 5 140 6 150 7 155 If each page sells for $2 and the market wage is $15 per hour, then this firm will hire ______ workers per hour.

By summing the quantities demanded by individuals at each price we obtain the

A) equilibrium price. B) market demand curve. C) market supply curve. D) individual demand curve.

During a recession, ______.

a. earnings and profits decrease, and government revenues increase b. earnings and profits increase, and government revenues decrease c. earnings, profits, and government revenue all decrease d. earnings, profits, and government revenue all increase