The supply of immigrant labor increases

Assignment Help Business Economics

Reference no: EM131166752

Suppose, ceteris paribus, that the supply of immigrant labor increases in the U.S. and simultaneously the FDA releases new information that conclusively establishes a link between a decrease in the risk of certain cancers and the consumption of oranges. Which of the following statements is correct? a. The price of Florida oranges will increase and the quantity will increase. b. The price of Florida oranges may increase and the quantity may increase. c. The price of Florida oranges will decrease and the quantity will increase. d. The price of Florida oranges will not change but the quantity will increase. e. the price of Florida oranges may decrease and the quantity will increase.

Reference no: EM131166752

Questions Cloud

Are the decisions that are made solid ones : Are the decisions that are made solid ones? Or do they suffer from problems mentioned in the background materials such as groupthink

The environmental protection agency requires : Suppose, ceteris paribus, that the Environmental Protection Agency requires that agricultural run-off water must be stored and cleaned prior to release in Florida and simultaneously, due to favorable growing conditions, there is a bumper crop of Cali..

Minimum feasible long-run average cost : The minimum feasible long-run average cost for firms in a perfectly competitive industry is $40 per unit. If every firm in the industry currently is producing an output consistent with a long-run equilibrium, what is the marginal cost incurred by ..

What is the language generated by a phrase-structure grammar : What is the language generated by the grammar G with vocabulary {S, 0, 1}, set of terminals T = {0, 1}, starting symbol S, and productions S → 000S, S → 1?

The supply of immigrant labor increases : Suppose, ceteris paribus, that the supply of immigrant labor increases in the U.S. and simultaneously the FDA releases new information that conclusively establishes a link between a decrease in the risk of certain cancers and the consumption of orang..

Problem regarding the positive fixed costs : a. Assuming that this firm has positive fixed costs, did the firm earn economic profits, economic losses, or zero economic profits yesterday? b. To maximize economic profits today, how many bricks should this firm produce today?

The government levies tax on consumers : For each of the following scenarios involving the U.S. government, determine the primary function of government that is being served. The government levies a tax on consumers and businesses to pay for the provision of a public good (such as national ..

Give an example of a grammar that is not a type 1 grammar : Give an example of a grammar that is not a type 3 grammar but is a type 2 grammar

What are earnings and profits : Describe some types of investment income. How does it differ from ordinary income?- What are earnings and profits? Why are they important?

User Account

All Pages