Some of the cost curves for Ike's Ice Cream Kitchen are given in the above figure. At which of the following levels of output does the marginal product of labor equal the average product of labor?

An annually balanced federal budget ________ macro- stabilization policy by requiring ________ fiscal policy during recessions

A) inhibits, tighter B) inhibits, easier C) assists, tighter D) assists, easier

If the United Mine Workers successfully negotiates a wage that is higher than the competitive wage,

a. an excess demand for labor is created b. a surplus of labor is created c. the demand for labor increases d. the supply of labor decreases e. the quantity of labor demanded increases