If a firm takes the wage as given, then the supply curve of labor to that firm is
A: horizontal.
B: vertical.
C: upward sloping.
D: downward sloping.
A: horizontal.
B: vertical.
C: upward sloping.
D: downward sloping.
举一反三
- If a firm takes the wage as given, then the supply curve of labor to that firm is
- If the money interest rate is measured on the y-axis and the quantity of money is measured on the x-axis, the money supply curve is:（） A: horizontal. B: upward sloping to the upper right. C: vertical.
- Consider a market with a downward sloping demand curve and an upward sloping supply curve. A $50 tax levied on the producer of the good will cause the market price to:
- Consider a market with a downward sloping demand curve and an upward sloping supply curve. A $50 tax levied on the producer of the good will cause the market price to: A: increase by $50 B: decrease by $50. C: increase by less than $50. D: increase by more than $50.
- Because the productivity of labor decreases as the quantity of labor employed increases, A: the quantity of labor a firm demands increases as the real wage rate decreases. B: the quantity of labor a firm demands increases as the money wage rate decreases. C: the labor demand curve shifts right as the real wage rate decreases. D: the aggregate production function shifts upward as the real wage rate decreases.