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
Hormonal regulation of digestion rate in the stomach and small intestine.
Changes in metabolic rate of selected structures in a mammal's body during different activities
Tree species richness in North America is correlated with evapotranspiration rate.
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Temperature Changes on Heart Rate
Total Fertility Rate in Japan: Actual versus Forecast