To be part of the supply for a good, a producer must be
A) only willing to supply the good.
B) only able to supply the good.
C) both able and willing to supply the good.
D) both able and willing to supply the good, and have already identified a buyer.
E) both able and willing to supply the good, and have already sold the good.
C
Economics
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The lower the amount of unemployment benefits citizens receive, the
A) higher the wage people must be offered before they accept a job. B) the longer people search for jobs. C) higher the opportunity cost of job search. D) the higher the natural unemployment rate. E) lower the opportunity cost of job search.
Economics
Marginal Revenue Product with three units of labor would be
A. $960.
B. $540.
C. $420.
D. $340.
Economics