If K = 3000, n = 0.015, and d = 0.082, then investment of ________ will hold (Y/N) constant
A) 291
B) 201
C) 164
D) 549
A
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The long-run aggregate supply curve shows the relationship between the ________ and ________
A) price level; quantity of real GDP supplied B) real interest rate; quantity of real GDP supplied C) inflation rate; quantity of real GDP demanded D) nominal interest rate; quantity of real GDP supplied
Cartel agreements are more likely to succeed if: a. there are a large number of firms in the industry producing identical products. b. there are few firms in the industry producing identical products
c. there are a large number of firms in the industry producing differentiated products. d. there are a few firms in the industry producing differentiated products.
Tony's indifference curve for two goods (normal salt and low potassium salt) is linear, whereas Rachael's indifference curve for these same two goods is convex. We can infer that _____
a. Tony considers normal salt and low potassium salt to be perfect substitutes b. Tony considers normal salt and low potassium salt to be perfect complements c. Tony considers normal salt and low potassium salt to be public goods d. Tony considers normal salt and low potassium salt to be inferior goods
The following graph shows the marginal and average product curves for labor, the firm's only variable input. The monthly wage for labor is $2,800. Fixed cost is $160,000.
When the firm uses 40 units of labor, what is AVC at this level of output?
A. $40 B. $86 C. $400 D. $120 E. $70