Where total utility is at a maximum, marginal utility is:
A. negative.
B. positive and increasing.
C. zero.
D. positive but decreasing.
Answer: C
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Based on the production and revenue data in the above table, if the wage rate is $20 per worker, how many workers will be hired?
A) 5 B) 4 C) 3 D) 2
If wages and prices adjust slowly, we would expect expansionary monetary policy to be
A) more likely to result in a vertical short-run Phillips curve. B) less likely to reduce the natural unemployment rate. C) more likely to reduce inflation. D) more likely to affect the unemployment rate.
Which of the following statements is false?
A. The list of stocks that are included in the Dow Jones Industrial Average changes from time to time, and is determined by the editors of the Wall Street Journal. B. The Dow Jones Industrial Average first appeared on the scene in 1896. C. When the Dow Jones Industrial Average was first computed, prudent investors bought bonds, not stocks. D. The Dow Jones Industrial Average is computed by summing the prices of the thirty stocks included in the average and dividing by 30.
The marginal tax rate from the food stamp program is _____
a. zero b. 10 percent c. 20 percent d. 30 percent