If the market for labor is perfectly competitive, the wage rate for labor equals:
A) the average cost of hiring labor.
B) the value of the marginal product of labor.
C) the marginal product of the last unit of labor employed.
D) the price of the product that the firm produces using the labor services.
Question 2
If a tariff is imposed on imports of shrimp into the United States, U.S. consumer surplus from shrimp will ________ and U.S. producer surplus from shrimp will ________.
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
E) increase; not change
A Glitch Interrupts the Vela Pulsar’s Spindown Rate
Factors Affecting the Environmental Lapse Rate (ELR): Heating or Cooling of the Lower Atmosphere
Advection of an air mass with a different ELR (environmental lapse rate).
Competitive drug enzyme immunoassay.
Total Fertility Rate in the United States, 1860–2008
Explain the myogenic autoregulation of the glomerular filtration rate