The property that a person owns at the time of her death is her estate.
Answer the following statement true (T) or false (F)
True
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In the figure above, ceteris paribus, an increase in x is associated with
A) an increase in y. B) a decrease in y. C) an increase in z. D) a random change in z. E) no change in either y or z.
Assume a new technology is developed that increases the productivity of capital and creates additional economies of scale. How would this affect the firm's minimum efficient scale of operation. Illustrate this effect graphically
What will be an ideal response?
With a contractionary monetary policy, as the output gap increases, the response of the central bank will tend to cause net capital outflows to ________ and cause the nominal exchange rate to ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
A firm's marginal product of labor is 4 and its marginal product of capital is 5. If the firm adds one unit of labor, but does not want its output quantity to change, the firm should
A) use five fewer units of capital. B) use 0.8 fewer units of capital. C) use 1.25 fewer units of capital. D) add 1.25 units of capital.