A technological advance that increases labor productivity will

Which of the following is true of robots and other labor-saving machines?

Firms should hire additional units of a resource as long as the

Physical and human capital investments are

If new firms are entering a competitive price-searcher market, we can conclude that

If we want to produce more capital goods during the present time period, we must

The firms in a competitive price-searcher market produce goods and services that are

Low-skill workers earn a lower wage than more experienced, higher skilled workers because the

Business owners who care only about maximizing profits are

A monopolist will earn economic profits as long as price exceeds