The mean (average) income of 25 employees working in a firm is $1,754 per month. What is the total income of all the employees?
A) $40,000
B) $43,850
C) $56,225
D) $63,950
B
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_________ is the Japanese word meaning death from over work
a. Karoshi b. Tora c. Samauri d. Santori
The three reasons why the aggregate demand curve slopes downward are
a. the international substitution effect, the net exports effect and the interest rate effect. b. the interest rate effect, the short run effect and the free rider effect c. the net exports effect, the real balance effect and the short run effect d. the real balance effect, the international substitution effect and the interest rate effect.
In general, countries with well-defined property rights, less government regulation, and lower taxes have
A. Higher per capita incomes. B. Higher rates of investment. C. Higher rates of economic growth for the entire population. D. More corruption and crime.
Number of workersUnits of output00110230344455
Refer to Table 5.1, which gives a firm's production function. Assume that all non-labor inputs are fixed. Marginal product is maximized when the firm hires:
A. 2 workers. B. 3 workers. C. 4 workers. D. 5 workers.