If a firm takes the wage as given, then the firm's marginal expenditure on labor curve is
A) above the labor supply curve.
B) below the labor supply curve.
C) the same as the labor supply curve.
D) upward sloping.
C
Economics
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If people never withdrew money, how much money could the banking system create given a new amount of deposits, assuming that excess reserves were zero?
A) the amount of new deposits multiplied by the money multiplier B) as much as the new deposits C) zero D) the amount of new deposits multiplied by the reserve ratio
Economics
If housing prices are expected to increase, then, other things equal, the demand for houses will ________ and that of Treasury bills will ________
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
Economics