If a market produces a level of output below the competitive equilibrium, then
A) social welfare is not maximized.
B) consumer surplus might still be maximized.
C) the actual price will be below the equilibrium price.
D) social welfare might still be enhanced if a price ceiling keeps price below the competitive price.
A
Economics
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Refer to the above table. What is the total labor cost for 11 workers?
Monopsonist's employment schedule.
A. $100
B. $150
C. $198
D. $220
Economics
The growth rate of output per worker is called
A. factor growth. B. labor productivity growth. C. per-capita output growth. D. output growth.
Economics