If the marginal rate of technical substitution for a cost minimizing firm is 10, and the wage rate for labor is $5, what is the rental rate for capital in dollars?
A) .5
B) 1
C) 2
D) 10
A
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Macroeconomics is a branch of economics that studies: a. the different costs associated with production
b. the price and output decisions made by different industries. c. the overall performance of the economy. d. the role of a market in determining an efficient outcome. e. the role of input suppliers in determining the price and quantity of output.
Darla puts her money into a bank account that earns interest. One year later she sees that the account has 6 percent more dollars and that her money will buy 7.5 percent more goods
a. The nominal interest rate was 13.5 percent and the inflation rate was 7.5 percent. b. The nominal interest rate was 13.5 percent and the inflation rate was 1.5 percent. c. The nominal interest rate was 6 percent and the inflation rate was -1.5 percent. d. The nominal interest rate was 6 percent and the inflation rate was 7.5 percent.
On average, about ___% of travelers get some form of expedited screening, including instances like less-intrusive scanning of elderly travelers in non-PreCheck lanes.
Fill in the blank(s) with the appropriate word(s).
Which of the following would reduce a country's Economic Freedom of the World rating?
What will be an ideal response?