If the government borrowed funds are invested more in ________ , then it would improve labor productivity and the nation's future standard of living

Which of the following is an example of a good produced under perfect competition?

A) Cars B) Corn C) Bottled water D) Patented software

If the wage rate doesn't change but a profit-maximizing competitive firm hires fewer workers, we know that

A) the price of the product increased. B) technical change occurred that increased labor productivity, reducing the firm's demand for labor. C) demand for the product fell or there has been a reduction in labor productivity. D) marginal factor cost increased.