Given the data in Scenario 14.3, how much labor should the firm employ if labor costs $30 a unit?
A) 3 units of labor
B) 4 units of labor
C) 5 units of labor
D) 6 units of labor
E) 7 units of labor
B
Economics
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An increase in wage rate, other things constant, shifts the aggregate supply curve downward
a. True b. False Indicate whether the statement is true or false
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Which of the following would lead to an increase in the demand for computer software?
a. A decrease in the price of computer software. b. A decrease in the price of personal computers. c. An decrease in the cost of producing computer software. d. An decrease in personal income.
Economics