Refer to Figure 12-11. If this is a constant-cost industry, what ...

[gonzo233]

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]

Answer to Question 1

B

Answer to Question 2

A