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
Effects of growth rate on development.
The ozone hole in September, 2003. Even as scientists verified that the rate of ozone depletion was
Competitive inhibitor
The level of emissions from transport in the United States is twice as high as the global average
Relationship between Income Inequality and the Desired Tax Rate
Fertility, Mortality, and the Net Rate of Reproduction in Sweden