Factor Markets
What is the opportunity cost of a firm deciding to hire more labor?
What effect does a significant increase in immigration have on the factor supply curve for labor within an economy?
When a firm hires another worker and notices that total output increases, this illustrates the concept of what?
If the government increases subsidies for education and training, what is likely to happen to the supply of labor in a particular industry if all else remains constant?
What happens to the equilibrium price and quantity of loanable funds when there is an increase in public savings, assuming other factors are unchanged?
What is the marginal physical product (MPP) of labor?
If technological advancements significantly lower the cost of production for firms in a monopolistically competitive market, what is the most likely long-term impact on the product prices and variety?
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In response to a decrease in corporate taxes, a company is likely to do what with respect to its workforce?
How does a decrease in labor productivity affect labor demand in a factor market?
If the wage rate increases, what might happen to the quantity of labor demanded by firms in a market with highly skilled labor that has few substitutes?