Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. 
Figure 7.9Refer to Figure 7.9. The slope of isocost CE is
A. -1/2.
B. -1.
C. -2.
D. indeterminate from this information, as the prices of capital and labor are not given.
Answer: A
You might also like to view...
Based on the information in the table, how big is the labor force? Population 16 and older1,000,000Participation Rate80%Employed Workers720,000
A. 576,000 B. 1,000,000 C. 800,000 D. 720,000
Suppose the price of product X increases. We would expect this price increase to
A. decrease the demands for both complementary good Y and substitute product Z. B. increase the demand for complementary good Y and decrease the demand for substitute product Z. C. increase the demands for both complementary good Y and substitute product Z. D. decrease the demand for complementary good Y and increase the demand for substitute product Z.
Which of the following is not a leading actor in labor markets?
A. workers B. government C. firms D. consumers E. unions
This table shows the demand and supply schedule of a good.Price of GoodQDemandQsupply$0.005025$0.504026$1.003528$1.503131$2.002835$2.502740According to the table shown, at a price of $1.00:
A. a shortage will exist. B. the market is in equilibrium. C. a surplus will exist. D. more is being supplied than demanded.