Jessica owns a company that makes pre-packaged sandwiches for convenience stores. The market price for a sandwich is $5 and Jessica is a price-taker. Her daily variable cost for making sandwiches is C(Q) = 2.5Q + (Q2/40) and her marginal cost is MC = 2.5 + (Q/20). What is the average cost of a sandwich at the quantity of sandwiches Jessica should be selling each day?

Assuming all else equal, if the demand for a firm's product falls, ________

A) the firm moves to a lower point along its labor demand curve B) the firm moves to a higher point along its labor demand curve C) the firm's labor demand curve shifts to the left D) the firm's labor demand curve shifts to the right

Rachel, a large pineapple producer in Hawaii, lobbies Congress to limit imports of pineapples in order to be able to sell her pineapples at a higher price and greatly increase her income. This possible source of income inequality is due to

A) globalization. B) technology changes. C) productivity differences. D) rent seeking.