A profit-maximizing firm's demand function for labor can be found by differentiating:
a. the profit function with respect to w.
b. the cost function with respect to w.
c. the supply function with respect to w.
d. the production function with respect to w.
a
Economics
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Under perfect capital mobility, an increase in world interest rates will
a. increase income and reduce domestic interest rates. b. increase income. c. increase income and lead to a balance of payment deficit. d. increase income and lead to a balance of payment surplus.
Economics
Refer to the diagram, in which C 3 is the before-tax consumption schedule.The after-tax consumption schedule represented by C 2 reflects:
A. a lower MPC than is embodied in C 3 .
B. a regressive tax system.
C. a proportional tax system.
D. a progressive tax system.
Economics