For a person earning $75000, the marginal tax amount from 40,001 to $75000 is:
A. $5,000
B. $7,500
C. $8,750
D. $14,250
B. $7,500
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Suppose a company that produces mouthwash branches out into producing toothpaste. If this expansion reduces the average cost per unit, the company must
a. benefit from vertical integration b. benefit from horizontal integration c. experience economies of scale d. experience economies of scope e. have no transaction costs
Generally, if people begin to expect a company to have higher future profits, the price of the company's stock will begin to decrease
a. True b. False Indicate whether the statement is true or false
If a dollar buys more rice in the China. than in the U.S., then
a. the real exchange rate is greater than 1; a profit might be made by buying rice in the U.S. and selling it in China. b. the real exchange rate is greater than 1; a profit might be made by buying rice in China. and selling it in the U.S. c. the real exchange rate is less than 1; a profit might be made by buying rice in the U.S. and selling it in China. d. the real exchange rate is less than 1; a profit might be made by buying rice in China and selling it in the U.S.
The nineteenth-century British economist Thomas Malthus argued that the law of diminishing returns implied that
A. raw materials would eventually run out. B. eventual misery would befall the human race. C. technological change would grow at an increasing pace. D. capital would increase relative to labor.