If a firm offers to pay a worker $10 for each hour of leisure the worker gives up, then the opportunities confronting the worker will be given by the:
A. straight line with a positive slope.
B. convex curve from the origin.
C. straight line with a negative slope.
D. concave curve from the origin.
Answer: C
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Explain what potential conflict exists between shareholders in a corporation and the corporation's managers
What will be an ideal response?
In the United States in 2015, consumption represented slightly less than
a. 60 percent of GDP. b. 70 percent of GDP. c. 80 percent of GDP. d. 90 percent of GDP.
The fight over export policy usually focuses on artificial export limits rather than artificial promotion of exports.
Answer the following statement true (T) or false (F)
Refer to the information provided in Table 13.4 below to answer the question(s) that follow. Table 13.4Price ($)Quantity20.00118.00216.00314.00412.00510.006 8.007Refer to Table 13.4. If a monopoly faces the demand schedule given in the table and has a constant marginal and average cost of $4 per unit of providing the product, then the monopoly maximizes its profits by charging ________ per unit and selling ________ units of output.
A. $16; 3 B. $12; 5 C. $10; 6 D. $18; 2