"Job-seeking immigration brings net economic benefits not only to the immigrants, but also to the receiving country overall." But there are winners and losers within the receiving country. Who among the following can be considered as a winner within the receiving country?
A. The households who want to rent the same kinds of apartments the immigrants want to rent.
B. The workers who compete with the immigrants for jobs
C. The consumers who buy the products that the immigrants help to produce
D. None of these options are correct.
Answer: C
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The minimum point on the average variable cost curve is called the loss-minimizing point
Indicate whether the statement is true or false
Refer to Scenario 7.7 below to answer the question(s) that follow. SCENARIO 7.7: A lawn service company has the following production possibilities. With one, two, three, and four workers, the company can mow 4, 9, 12, and 14 lawns per day, respectively. Refer to Scenario 7.7. The average product of labor with three workers is
A. 3. B. 3.5. C. 4. D. 12.