Suppose that an economy produces 300 units of output, employing the 50 units of input, and the price of the input is $9 per unit. The level of productivity and the per-unit cost of production are, respectively:
A. 1.50 and $6.00
B. 6 and $1.50
C. 5 and $6.00
D. 5 and $1.50
B. 6 and $1.50
Economics
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Refer to the figure below. If Laura and Chris are the only two consumers in this market then at a price of $2.50 per pound, the market demand for hamburger is: 
A. 4.5 pounds per week B. 1.5 pounds per week C. 3 pounds per week D. 4 pounds per week
Economics
Quotas increase the profits of importers but decrease the profits of exporters
a. True b. False Indicate whether the statement is true or false
Economics
Which type of tax is used to finance the Social Security program in the United States?
a. consumption tax b. income tax c. payroll tax d. property tax
Economics
If total utility is decreasing, then marginal utility is
A) negative. B) positive. C) zero. D) increasing.
Economics