The wage in the market is $500,and the firing cost of each worker is $300.What is the cost to the firm of replacing one worker with another?
A) $200
B) $300
C) $500
D) $800
E) $1100
Correct Answer:
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Q16: Which of the following is a condition
Q17: When wages increase,
A) the scale and substitution
Q18: What are the firm's profits?
A) $1
B) $2
C)
Q19: Which of the following increases the power
Q20: In the long run,when the price of
Q22: Suppose the substitution elasticity between capital and
Q23: If a firm incurs high fixed costs
Q24: If a firm incurs the same cost
Q25: Adjustment costs:
A) are costs incurred by a
Q26: Suppose capital and labor are gross complements.If
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