If labor were completely mobile between Muncie, Indiana, and Lexington, Kentucky, and the cost of living was the same in each city, we would expect to find that
a. accountants in Muncie earn the same wage rate as garbage collectors in Lexington
b. garbage collectors in Lexington earn more than accountants in Muncie
c. garbage collectors in Muncie earn the same wage rate as accountants in Lexington
d. all accountants in Lexington would earn the same wage rate
e. accountants in Muncie earn the same wage rate as accountants in Lexington
E
Economics
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In the above table, what is the marginal factor cost of the 5th worker?
A) $22 B) $18 C) $90 D) $26
Economics
A period of stagflation can be considered as part of the normal aftermath of a
a. decrease in aggregate demand. b. period of high unemployment. c. period of low unemployment. d. period of inward shifting aggregate demand.
Economics