Refer to the above table. How many workers will this firm hire if the weekly wage rate is $900?
A. 28
B. 27
C. 29
D. 26
Answer: A
You might also like to view...
Refer to the above table. Suppose Airbus is set to produce the aircraft before Boeing. Which company will enter the market?
What will be an ideal response?
Suppose an American worker can make 100 chairs or catch 1,000 fish per day. A Chilean worker, on the other hand, can produce 40 chairs or catch 400 fish per day. Which of the following statements is true?
A. The United States has the comparative advantage in chair production. B. Chile has the comparative advantage in chair production. C. Both the United States and Chile have a comparative advantage in chair production. D. Neither the United States nor Chile has a comparative advantage in chair production.
Rational people having preferences for immediate benefits and delayed costs is another way of saying that:
A. money is worth less to us now than in the future. B. the value of money does not change over time. C. money is worth more to us now than in the future. D. rational people have insatiable wants.
According to monetarists, changes in velocity can
A) lower GDP B) raise GDP C) shift the SRAS, but not the LRAS D) a and b E) a, b and c