When the price of labor increases, the substitution effect will ________ the quantity of labor demanded and the output effect will ________ it

A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease

D

Economics

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Refer to the figure above. What is the producer surplus in the market?

A) $20 B) $40 C) $60 D) $80

Economics

Hedge funds ________

A) acquire access to funds by accepting deposits then using these monies to lend to households and firms B) raise funds by selling commercial paper then lend these funds to consumers C) acquire access to monies through the payment of premiums by employees D) are a special type of mutual fund

Economics