Multiple Choice
Electricians are employed in multiple industries in an economy.Given other things unchanged,an increase in the demand for electricians in the construction industry will lead to:
A) a reduction in the employment of electricians in other industries.
B) a reduction in the employment of plumbers and architects in the construction industry.
C) a downward sloping labor supply curve in the construction industry.
D) an decrease in the total number of electricians in the economy.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: The input demand curve for an output
Q20: Answer the following:<br>A firm faces total costs,C,price
Q21: Suppose a competitive firm produces 100 units
Q22: Use the following figure to answer
Q23: A monopoly firm faces the output demand
Q25: The marginal value product of labor measures:<br>A)the
Q26: Which of the following is true of
Q27: Given the same demand and cost functions,which
Q28: Use the following table to answer the
Q29: The input supply curve facing a competitive