Because of labor hoarding, a reduction in output may signal
A) an increase in employment.
B) a reduction in employment.
C) no change in employment.
D) a reduction in productivity.
C
Economics
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Emma consumes only hot dogs and hamburgers. She is at her consumer equilibrium. Hot dogs and hamburgers have the same marginal utility. Thus
A) her total utility from all the hot dogs eaten must be the same as her total utility from all the hamburgers eaten. B) the price of a hot dog and the price of a hamburger must be the same. C) she must be eating the same number of hot dogs and hamburgers. D) Both answers B and C are correct.
Economics
In perfect competition, firms enter the market whenever the market price exceeds the minimum average variable cost
Indicate whether the statement is true or false
Economics