Jose owns a local coffee shop. When Jose calculates how his total revenue changes in response to hiring an extra worker, Jose is calculating the

An individual paying twice as much in Social Security taxes over her lifetime as another individual would receive at least twice as much in Social Security benefits

a. True b. False

A dominant-firm's residual demand curve is

A) the horizontal difference between the market demand curve and the supply curve of the fringe firms. B) the vertical difference between the market demand curve and the supply curve of the fringe firms. C) the demand curve left for the fringe firms after the dominant firm has determined an output level. D) None of the above.