If a firm introduces some technology that substitutes capital for labor, ________, assuming all else equal
A) there will be an upward movement along the labor demand curve of the firm
B) there will be a downward movement along the labor demand curve of the firm
C) there will be a rightward shift in the labor demand curve of the firm
D) there will be a leftward shift in the labor demand curve of the firm
D
Economics
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For which of the following goods is the marginal benefit of search likely to be greatest?
a. a toaster b. an apple c. a radio d. a tube of toothpaste e. a color TV
Economics
Observations of real-world situations that appear to violate a consumer optimum could be offered as evidence favoring
A. diminishing marginal utility. B. bounded rationality. C. zero marginal utility at a utility-maximizing point. D. utility analysis.
Economics