Author: Adden wafa

A. decrease the value of the marginal product of fishermen reduces their wage, and reduces employment in the fishing industry
B. increase the value of the marginal product of fishermen increase their wage, and increase employment in the fishing industry.
C. decrease the value of the marginal product of fishermen, reduces their wage, and increases employment in the fishing industry
D. increase the value of the marginal product of fishermen increase their wage and decreases employment in the fishing industry

A. the price of the output times wage of labor
B. the price of the output times the marginal product of labor
C. none of these answers
D. the wage of labor times the quantity of labor
E. the wage of labor times the marginal product of labor

A. labor, land, and capital
B. water, earth and knowledge
C. money, stocks and bonds.
D. management finance and marketing

A. monopolistically competitive firms
B. a cartel
C. perfectly competitive firms
D. a monopoly.

A. entry to it and exit from it are both costless
B. entry to it and exit from it are both costly
C. entry to it costless, but exit from it is costless
D. entry to it is costly, but exit from it is costless

A. in response to a price increase is less elastic than the elasticity of demand in response to a price decrease
B. is perfectly elastic if price increases and perfectly inelastic if price decreases
C. is constant regardless of whether price increase of decrease.
D. in response to a price increases is more elastic than the elasticity of demand in response to a price decrease

A. The market for copper, where there are very few producers and the product is standardized.
B. The fast-food market where there are a large number of producers but the demand for fast food is inelastic
C. The coffee market where the product is standardized and there are a large number of coffee growers.
D. The automobile industry, where there are few producers but there is great product differentiation.

A. price leadership
B. price concentration
C. collusion
D. game theory,

A. a colluding industry
B. a merged industry
C. a concentrated industry
D. a natural monopoly

A. perfect competition
B. monopolistic competition
C. oligopoly
D. monopoly