Growth in standards of living over time depends for the most part on ______.
a. price controls
b. stock markets
c. unemployment
d. productivity
d. productivity
You might also like to view...
Assuming an increase in money demand, then if the Federal Reserve
a. can keep the interest rate unchanged assuming that it changes the monetary base by the appropriate amount. b. would have to aim below their previous money stock target. c. would not have to cut taxes to keep output from falling. d. All of the above e. None of the above
The figure below shows the demand for items from a warehouse club. All of the people who shop at the warehouse club have the same demand. If the managers use two-part pricing, the price per item (the user fee) is ________ and the company sells ________ units to each customer.
A) $6 per unit; 10
B) $10 per unit; 10
C) $6 per unit; 20
D) $10 per unit; 20
As output rises, marginal product eventually diminishes and
a. marginal cost increases b. average cost falls c. total cost falls d. fixed cost is increasing e. average product is negative
A pure monopoly sells 6 units of a product per day at a unit price of $15. If it lowers the price to $14, its total revenue increases by $22. This implies that its sold output increases by ________.
A. 4 units per day B. 3 units per day C. 2 units per day D. 1 unit per day