Which of the following is likely to cause a decrease in labor productivity?
a. An increase in student achievement scores
b. A service sector that is growing slower than the growth rate of GDP
c. An increased spending on research and development
d. A decrease in capital formation
e. A low federal budget deficit
d
Economics
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A monopolistically competitive firm is like a perfectly competitive firm insofar as both
A) have negatively sloping demand curves. B) can make zero economic profit in the long run. C) have horizontal MR curves. D) are protected by high barriers to entry.
Economics
Perfect price discrimination will lead a firm to produce up to the point where price equals marginal cost, the efficient level of output
Indicate whether the statement is true or false
Economics