If hiring the 6th worker increases total product by 7 units and the price of each unit is $2,
a. the firm should not hire the 6th worker as MB c
c. the firm should hire the 6th worker as MB>MC
d. the firm should not hire the 6th worker as MB
Economics
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When the minimum wage is raised, the ________ union labor ________
A) demand for; increases B) demand for; decreases C) supply of; increases D) supply of; decreases E) demand for; does not change
Economics
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,
A. initially increases, then decreases. B. increases. C. remains constant. D. decreases.
Economics