Which of the following would be primarily determined in the resource market?
a. The price of compact discs
b. The salaries for college graduates.
c. The amount of money in circulation
d. The number of automobiles produced
b. The salaries for college graduates.
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Adrienne and Jacob talk about the 2008 financial crisis and the US Government's response to the troubles. So,
What will be an ideal response?What will be an ideal response?
Income elasticity of demand measures how
a. the quantity demanded changes as consumer income changes. b. consumer purchasing power is affected by a change in the price of a good. c. the price of a good is affected when there is a change in consumer income. d. many units of a good a consumer can buy given a certain income level.
Preservation of national security is one argument in favor of trade restrictions.
Answer the following statement true (T) or false (F)
Columns 1 and 2 make up a portion of a monopolist's production function for a single variable input, labor. Columns 2 and 3 represent the demand function facing the monopolist over this range of output: 
How much does the fifth unit of labor add to the firm's total revenue?
A. $150 B. $4,560 C. $80 D. $1.875 E. none of the above