Which of the following would tend to increase the wage of coal miners?
a. new environmental laws that make it more costly for firms to use coal in their production process
b. an increase in the price of oil, a substitute for coal
c. a decrease in the demand for coal
d. an increase in the supply of coal miners
B
Economics
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Economics
Refer to the above table. The table represents information on the costs for Ajax Corporation. Ajax operates in a perfectly competitive market and the price of the product is $8. What will be the value of total revenue when quantity sold equals 3?
A) $24 B) $27 C) $3 D) $9
Economics