In a bilateral monopoly, the wage rate is likely to be ________ than the value of marginal product of labor and ________ than in a pure monopsony

If Congress voted to eliminate the minimum wage, which of the following would most likely occur?

a. Decrease in unit costs and an upward shift of the aggregate supply curve b. Decrease in unit costs and an upward movement along the aggregate supply curve c. Decrease in unit costs and a downward shift of the aggregate supply curve d. Increase in unit costs and an upward shift of the aggregate supply curve e. Increase in unit costs and an upward movement along the aggregate supply curve

A cash register at a coffee shop should be considered

A. real capital. B. either financial or real capital. C. financial capital. D. none of the choices is correct.