If Country A and Country B have the same population size, then the standard of living in these two countries can still be different depending on:

If the single restaurant in an Eastern Kentucky town is currently charging a price for its ham and eggs where the demand is unit elastic, its marginal revenue for ham and eggs is

A) negative. B) positive. C) zero. D) maximized. E) undefined.

Which of the following is a possible outcome of a minimum wage imposed by a government? a. It leads to an increase in consumer surplus

b. It favors women and children and helps improve their standard of living. c. It eradicates the problem of unemployment from the market. d. It creates a labor surplus or unemployment. e. It creates a labor deficit.