A learning curve may be stated as L = A + BN-b where L is the labor per unit and N is the cumulative number of units produced. Learning does not occur when

Suppose a nation opens up to free trade and becomes an exporter of goods. Which of the following is then true?

A) The nation as a whole suffers losses. B) Sellers lose. C) Buyers lose. D) Buyers gain.

If the wage rate is fixed at a certain level, the:

a. labor supply curve is horizontal. b. labor supply is a straight upward sloping line. c. MP must be constant. d. labor supply will increase at an increasing rate. e. labor supply will increase at a decreasing rate.