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Author Question: Refer to Figure 12-11. If this is a constant-cost industry, what is the market price in the long-run ... (Read 18 times)

gonzo233

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on: Jun 29, 2018
Refer to Figure 12-11. If this is a constant-cost industry, what is the market price in the long-run equilibrium?
 
  A) 5 B) 14 C) 15 D) 20

Question 2

Which of the following would reduce the labor force participation rate, all else equal?
 
  A) an increase in the working-age population
  B) an increase in the unemployment rate
  C) a decrease in the unemployment rate
  D) an increase in the number of people in the labor force


macagnavarro

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


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