Author Question: In the long run, firms can vary all inputs in the production process. a. True b. False Indicate ... (Read 70 times)

jayhills49 · **on:** Jun 30, 2018

In the long run, firms can vary all inputs in the production process.
a. True
b. False
Indicate whether the statement is true or false

Question 2

For economists, discrimination is difficult to rationalize because:
a. it is costly to those who discriminate.
b. the firms can actually reap greater profits by discriminating between their workers.
c. in a freely functioning labor market, there is no such thing as discrimination.
d. economists know that in the real world, personal prejudices do not exist.
e. wages will not be allowed to fall below their natural equilibrium rate.