Which of the following factors has significantly increased the supply of labor in the United States since 1950?
A) an increase in the number of people who have received college degrees
B) an increase in the labor force participation rate of women
C) a large increase in the substitution effect as a result of higher wages
D) a low birth rate and an aging population
B
Economics
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What does it mean for a good to be nonexcludable?
What will be an ideal response?
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Marginal cost is equal to the
A) change in total cost divided by the change in output. B) change in average total costs divided by the change in output. C) change in average product divided by the change in output. D) change in total product divided by the change in output.
Economics