
Refer to Table 17.2. If the price of output is $2 per unit and the wage rate is $50, how many workers should be hired?
A. three workers
B. four workers
C. five workers
D. six workers
Answer: C
You might also like to view...
Everything else held constant, an increase in the riskiness of bonds relative to alternative assets causes the demand for bonds to ________ and the demand curve to shift to the ________
A) rise; right B) rise; left C) fall; right D) fall; left
Scholars know the national origins of Americans at the end of the colonial period because
(a) the study of surnames provides the necessary information. (b) people had to declare their country of origin when entering the colonies. (c) tax laws required this information. (d) an annual census provided this information.
Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. Figure 7.10Refer to Figure 7.10. At Point A the absolute value of the slope of the q1 = 100 isoquant is
A. less than 2. B. exactly equal to 2. C. greater than 2. D. indeterminate from this information.
The money-creation multiplier is affected by the
A) public's demand for currency as a proportion of demand deposits. B) bank reserve-holding ratio as a proportion of demand deposits. C) rediscount rate applied to loans from the Fed to banks. D) Both A and B are correct.