Given a fixed amount of time, a decision to supply labor or not is simultaneously a decision to
a. demand goods and services or not.
b. demand leisure or not.
c. supply capital and land or not.
d. supply leisure or not.
b
Economics
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Refer to Figure 15-6. The monopolist's total cost is
A) $1,116. B) $1,240. C) $1,660. D) $1,726.40.
Economics
Assume that an economy is in equilibrium when the arrival of immigrants causes an increase in the supply of labor
Once the economy has adjusted to its new equilibrium, and assuming that the supply of capital remains unchanged, which of the following has decreased? A) the share of capital income in national income B) the share of labor income in national income C) national income D) the rental price of capital E) none of the above
Economics