Over the period 1980–2007, the annual rate of increase in government spending on elementary, secondary, and higher education, measured in constant dollars, was approximately

A firm's demand for labor

A) increases when the price of the firm's output falls. B) decreases when the price of the firm's output falls. C) decreases when the wage rate decreases. D) always increases when the prices of other factors fall.

A firm's short-run cost functions depend primarily on the firm's production function and the prices of the inputs to production

Indicate whether the statement is true or false