Suppose you have worked at a local sandwich shop for six months and now you plan to ask your manager for a raise. How can you convince your manager that you are worth more money than you are currently being paid?
A) by convincing him that you are a dedicated worker and ready to take on more responsibilities at the shop
B) by explaining to him how difficult it is for you to save enough money to go to college
C) by demonstrating to your manager the marginal revenue product your employment contributes to the sandwich shop
D) by threatening to quit if he refuses to give you a raise
C
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Refer to the table above. If Jack has an annual income of $50,000 and Jill earns $77,500, which of the following is true?
A) Jack and Jill pay an equal amount of tax. B) The average rates of tax paid by Jack and Jill are equal. C) The marginal tax rate for Jack is higher than the marginal tax rate for Jill. D) Jack and Jill fall in the same tax bracket.
The economy represented in the graph above has
A) low capital mobility. B) high capital mobility. C) perfect capital mobility. D) increasing capital mobility.
It will not benefit a seller to provide verifiable information to buyers about the seller's product
Indicate whether the statement is true or false
The 45-degree line, measuring Y = C + S, is also called the
a. saving line b. consumption curve c. income line d. investment curve e. GDP curve