Mike and Tom debone chicken breasts for Ted's Chicken Co. Mike is new and can only debone 30 chicken breasts per hour, while Tom's experience allows him to debone 60 chicken breasts per hour. Both Mike and Tom work 40 hours per week. Their average hourly productivity as a team is ________ chicken breasts.
A. 90
B. 45
C. 30
D. 60
Answer: B
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The process of accumulating capital is called:
a. capitalization. b. loanable funds. c. investment. d. debt management.
If people are made unemployed because of a fall in aggregate demand this is known as:
a) Frictional unemployment b) Seasonal unemployment c) Cyclical unemployment d) Structural unemployment
What do you have to know to calculate the price elasticity of demand?
a. how much of the good was purchased at each of two different prices b. the price elasticity of supply c. how many firms supply the good d. the portion of income the typical consumer spends on the good
Sue uses a credit card to purchase a new pair of jeans. Sue is:
A. creating a liability that she will ultimately have to pay with money. B. using a form of money included in M2. C. using money to buy her jeans since credit cards is money. D. using an electronic payment form of money.