If a nail salon hires an additional worker, that worker can service 8 additional customers per day. The average nail service fee is $30. The most the salon would be willing to pay that worker is
A. $8 per day.
B. $30 per day.
C. $240 per day.
D. indeterminate with the given information.
Answer: C
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Swaps are __________ agreements involving the exchange of interest payments __________
A) standardized; against a bundle of Treasury securities B) standardized; on a stated notional principal amount C) customized; against a bundle of Treasury securities D) customized; on a stated notional principal amount
Growth accounting refers to the method used to:
A. identify the contribution of economic growth from increased capital, labor, and technological progress. B. identify the costs of promises made by the government today but paid for by future generations. C. measure the growth in the labor force. D. measure growth in the capital stock.
Jose earns $150,000 per year and Josephina earns $80,000 per year. If Jose pays $15,000 in income taxes and Josephina pays $5,000 in income taxes, the income tax system would be
A. progressive. B. regressive. C. proportional. D. marginal.
Refer to the graphs. An increase in the economy's human capital would shift curve:
A. AB to CD and curve Y to X.
B. CD to AB and curve X to Y.
C. X to Y while leaving curve AB in place.
D. AB to CD and curve X to Y.