The U.S. Department of Agriculture's productivity index in terms of farm output per unit of farm labor had a value of 10 in 1950. By 2009, the value of the productivity index was close to:
A. 30
B. 80
C. 100
D. 120
D. 120
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Suppose the recipient of a kidney transplant has stated that she would prefer 5 years of perfect health to the 10 years she expects to live with her transplant. For this person, each of her remaining 10 years of life has a QALY value of
a. ½. b. 2 c. 5 d. 10 e. 50.
An individual would suffer lower losses from an unexpectedly higher inflation rate if
a. she held much currency and owned few bonds. b. she held much currency and owned many bonds. c. she held little currency and owned few bonds. d. she held little currency and owned many bonds.
The key components of a tradeable pollution permit system include
a. a deposit that covers the MEC of improper waste disposal b. the issuance of a fixed number of permits c. a means through which permits can be exchanged among polluters d. all of the above e. (b) and (c) only
Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is $5 and the wage rate is $37.50 per day, how many workers should Winnie employ to maximize his profit?
A) 2 B) 3 C) 4 D) 5