Refer to the diagram. Which of the following would be consistent with an increase in racial prejudice against African Americans and thus an increase in the discrimination coefficients of employers, taken as a group?
A. A shift in the labor demand curve from D 2 to D 3 .
B. A shift in the labor demand curve from D 2 to D 1 .
C. An increase in African-American employment from Q 2 to Q 3 .
D. An increase in the African-American wage rage from W 1 to W 2 .
B. A shift in the labor demand curve from D 2 to D 1 .
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A price searcher faces the following demand function: At $7, 6, 5, 4, and $3, the quantity demanded is 300, 400, 500, 600, and 700 units respectively. Which statement below is true?
A) Total revenue is $11,500. B) Marginal revenue is $300 when the price is $5. C) Marginal revenue is $100 when the price is $5. D) Marginal revenue is $2100 when the price is $3.
When consumers start to spend less and save more, classical macroeconomists believe that interest rates will then ______________ resulting in a(n) ________________ in investment
A) rise; increase B) fall; increase C) fall; decrease D) rise; decrease