Suppose that Melinda goes to the movies 6 times per month when the price is $14 and 4 times per month when the price is $20. What is the price elasticity of Melinda’s demand curve?
a. 0.02
b. 0.2
c. 1.33
d. 10.0
c. 1.33
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Refer to the table above. What is the firm's marginal cost when it produces 155 units of the good?
A) $0.66 B) $1 C) $1.33 D) $1.50
The theory that real shocks to the economy are the primary cause of business cycles is
A) monetarism. B) Keynesian theory. C) real business cycle theory. D) Hamiltonian theory.
Advocates of stabilization policy argue that when there is a recession, the government should increase the money supply and increase government expenditures
a. True b. False Indicate whether the statement is true or false
The marginal product of labor is the extra amount of output a firm can generate by adding one more hour of labor (or one more worker).
Answer the following statement true (T) or false (F)