Refer to the table at right. How many workers will this firm hire if the weekly wage rate is? $1,350?
A. 26
B. 25
C. 0
D. 27
Answer: B. 25
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In the figure above, the deadweight loss from the tariff is ________
A) $32 million B) $80 million C) $16 million D) zero
In the above figure, the second ton of wheat would be produced even though the producer surplus on it is zero if the price per ton of wheat was
A) $25. B) $50. C) $75. D) $100.
The labor force is made up of
A. all individuals who are employed. B. those who are employed plus those who are unemployed. C. the population of a nation, aged 16 years and above. D. all individuals who are working and those who are not working.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow. Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30 B. exactly 60 C. fewer than 30 D. more than 30