Author Question: Which of the following is true of illegal immigrants? a. They help improve the quality of goods and ... (Read 98 times)

gonzo233 · **on:** Jun 30, 2018

Which of the following is true of illegal immigrants?
a. They help improve the quality of goods and services produced in the United States.
b. They help increase the wage rate in the U.S.
c. They do not affect the equilibrium wage of the U.S. unskilled labor market.
d. They help some firms lower operating costs, earn more profit, and produce more.
e. They reduce the supply of unskilled labor in the United States.

Question 2

Acme Tools manufactures anvils, a forging tool. When the price of anvils was increased from 7 to 13, Acme Tools was willing and able to increase production from 1 to 4 units per day. Using the midpoint formula, what is Acme's price elasticity of supply for anvils?
a. 2
b. 1
c. 0.5
d. 4
e. 3.5