Refer to Figure 4.1, which shows Molly's and Ryan's individual demand curves for compact discs per month. Assuming Molly and Ryan are the only consumers in the market, if the market quantity demanded is 15, the price must be
A) $0. B) $6. C) $9. D) $15.
B
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Moving down along an indifference curve: a. total utility remains constant
b. total utility decreases. c. total utility increases. d. total utility first decreases and then increases.
Growth in total factor productivity equals the _____
a. sum of resource growth and economic growth b. ratio of total output to total input c. ratio of total input to total output d. percentage change in per capita real GDP e. percentage change in output minus the percentage change in resources
The above figure shows the market for pizza. The market is in equilibrium when the cheese used to produce pizza falls in price. What point represents the most likely new price and quantity?
A) A
B) B
C) C
D) D
E) E
The most common way to collect job information is _____.
A. interview incumbents B. ask incumbents to fill out a questionnaire C. ask supervisors to fill out a questionnaire D. the PAQ