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
Relative rate test, calibrating the molecular clock, and calculating divergence dates.
Rate of Residential Change, Past Year, in the United States
Static Stability & Environmental Lapse Rate
Factors Affecting the Environmental Lapse Rate (ELR): Heating or Cooling of the Lower Atmosphere
Target Heart Rate
A random sample of 87 airline pilots recruited by an airline service had an average yearly ...