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
The ozone hole in September, 2003. Even as scientists verified that the rate of ozone depletion was
Competitive inhibition
Population growth rate %
The level of emissions from transport in the United States is twice as high as the global average
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Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...