Suppose the representative firm suddenly has less capital at its disposal. What happens to labor demand?
A) It increases.
B) It stays the same.
C) It decreases.
D) We cannot tell.
C
Economics
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Suppose an economy produces only three products, A, B, and C. Quantity purchased and changes in the prices of these items over a period are shown below:??Average Price Per UnitProductQuantityYear 1Year 2A10$10$8B152022C85055Using year 1 as a base, the value of the country's nominal GDP in year 1:
A. cannot be determined with the information given. B. is $3,270. C. is $850. D. is $800.
Economics
________ are likely a fixed cost of a firm.
A. Expenses for holiday office parties B. Utility costs C. The costs of raw materials used in production D. Mortgage payments for a new warehouse
Economics