An increase in product price implies that
A) the firm's marginal factor cost will increase.
B) the wage rate the firm pays will increase.
C) the firm's demand for labor increases.
D) the firm's demand for labor decreases.
C
Economics
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Why is income and wealth typically used as a measure of the "distribution of economic well being" rather than utility
What will be an ideal response?
Economics
Domestic currency depreciation will:
A) help domestic firms that export and hurt domestic firms that import. B) help domestic firms that import. C) hurt domestic firms that export and help domestic firms that import. D) hurt domestic firms that export.
Economics