A firm produces staples in a perfectly competitive market and hires workers in a perfectly competitive labor market. Which of the following is true?

a. The supply curve of staples is horizontal.
b. The supply curve of workers is horizontal.
c. The firm's demand curve for labor is horizontal.
d. The marginal revenue product of labor curve is horizontal.
e. The marginal product of labor curve is horizontal.

B

Economics

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Answer the next question on the basis of the following production possibilities tables for two countries.Latalia's Production Possibilities ABCDEPork (tons)43210Beans (tons)05101520Trombonia's Production Possibilities ABCDEPork (tons)86420Beans (tons)06121824Which of the following would be feasible terms for trade between Latalia and Trombonia?

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