This table shows price and quantity produced for a single firm in a perfectly competitive market.PriceQuantity$1023$1024$1025$1026Given the information in the table shown, what is the marginal revenue when 25 units are produced?
A. $10
B. $25
C. $20
D. $250
Answer: A
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In an open economy, if domestic citizens decide to save more, then the domestic real interest rate will ________ and the level of capital investment in the country will ________, holding other factors constant.
A. decrease; increase B. increase; increase C. increase; decrease D. decrease; decrease
The oldest theory of comparative advantage is based on:
a. factor abundance. b. productivity differences. c. product life cycles. d. preferences. e. human skills.
The more people try to save, the more national income falls and saving, in spite of people's efforts and desire to save more, remains unchanged. This phenomenon is known as the paradox of
a. saving b. denied investment c. thrift d. frustration e. intentions
Union membership has been falling since the year ________.
Fill in the blank(s) with the appropriate word(s).