In the above table, what is the marginal factor cost of the 4th worker?
A. $22
B. $30
C. $64
D. $16
Answer: A
You might also like to view...
After you finish your degree, suppose your salary is $52,000 per year. This is an example of money as
A) a medium of exchange. B) a unit of account. C) a store of value. D) M1.
A decrease in foreign incomes
A) increases aggregate demand in the United States. B) increases the aggregate quantity demanded in the United States. C) decreases the aggregate quantity demanded in the United States. D) decreases aggregate demand in the United States.
If a firm is earning a negative economic profit, it means that:
A. the resources should not be invested in other business opportunities. B. more profits could be earned with the same resources in another industry. C. the opportunity cost is smaller than what the firm is earning. D. it must be earning negative accounting profit.
Empirical evidence suggests that the relationship between a firm’s investment and its stock prices is
a) strongly negative b) weakly negative c) nonexistent; the two variables are independent d) weakly positive e) strongly positive