Which of the following is NOT true for a perfectly competitive firm in the long run?

Which of the following will NOT cause a rightward shift in the supply curve?

A) an improvement in technology B) a reduction in resource costs C) a reduction in the expected future price D) none of the above

Terrell, an auto repair mechanic who remains unemployed because he refuses to work for less than $1,000 an hour, is

a. counted as part of the labor force. b. considered frictionally unemployed. c. an underemployed worker. d. not counted as part of the labor force. e. considered as productively active.