In the above table, if the marginal factor cost is $480, how many workers would be hired?
A. 6
B. 5
C. 3
D. 4
Answer: B
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Which of the following regions tended to support federal construction of a system of roads in the 19th century?
a. the South b. New England c. Mid-Atlantic states, including New York and Pennsylvania d. the West e. All of the above.
Which of the following statements is most correct?
A. Fisher's assumption about money velocity being stable in the long run was incorrect. B. The velocity of M2 is relatively stable across all time periods. C. The velocity of M2 is less stable than the velocity of M1. D. The velocity of M2 is more volatile in the short run than the long run.
The marginal product of capital of producing 2,991 units of output (find point A) in the table below is: Production Function for Good XL*KQMPK=(?Q/?K)APK=(Q/K)LaborCapitalOutputMarginal Product of CapitalAverage Product of Capital900----910575.75.7092032426.716.2093065733.3B9401,07241.526.809501,52445.230.489601,97645.232.939702,39141.534.169802,72433.334.059902,991A33.2391003,0485.730.4891103,016-3.227.4291202,945-7.124.54
A. 26.7. B. 5.7. C. 2.4. D. 19.5.
State sales taxes are operated as a system of
A. ad valorem taxation. B. unit taxation. C. revenue minimizing taxation. D. income taxation.