Recent legislation passed by the government increases the cost of health insurance and retirement benefits borne by all companies. Which of the following is a likely result?
a. The supply of labor will decrease
b. The quantity of labor demanded will increase.
c. The demand for labor curve will shift to the left.
d. The marginal product of labor will increase.
c
Economics
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Private solutions to externalities are most effective if ________
A) transaction costs associated with bargaining are low B) transaction costs associated with bargaining are high C) property rights are not defined clearly D) a large number of people are affected by the externalities
Economics
Suppose a monopolist charges a price of $27 for its product and sells 10 units at that price. At 10 units of production the firm has average fixed cost equal to $10 and average variable cost equal to $12 . How much total profit is the firm earning at this price?
a. $5 b. $25 c. $50 d. $140
Economics