Most economists believe that labor unions significantly increase the overall unemployment rate in the United States
Indicate whether the statement is true or false
FALSE
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The above table gives some production and cost information for Flaming Fernando's, a restaurant that sells Fiery Frijoles. Between what two levels of output does the marginal cost of producing Fiery Frijoles first begin to rise?
A) 0 and 1000 B) 1000 and 3000 C) 3000 and 4000 D) 4000 and 4500
If a product is manufactured under conditions of constant cost, an increase in the demand for the product will increase
a. both equilibrium quantity and equilibrium price in the long run. b. equilibrium price, but equilibrium quantity will be unchanged in the long run. c. equilibrium price but reduce equilibrium quantity in the long run. d. equilibrium quantity, but equilibrium price will be unchanged in the long run.