In the wage setting relation W = PeF(u,z), the variable z does not include which of the following variables?
A) the minimum wage
B) unemployment benefits
C) the extent to which firms mark up prices over their marginal cost
D) all of the above
E) none of the above
C
Economics
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An increase in the price of Kellogg's breakfast cereal is likely to shift the demand curve for cereal manufactured by Malt-O-Meal to the right
Indicate whether the statement is true or false
Economics
A family on a trip budgets $800 for sit-down restaurant meals and fast food. If the price of a fast food meal for the family is $20, how many such meals can the family buy if they do not eat at restaurants?
a. 8 b. 15 c. 20 d. 40 e. 160
Economics