A decrease in demand means that quantity demanded falls
A. at least one price.
B. at a few prices.
C. at most prices.
D. at all prices.
D. at all prices.
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The accompanying table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities. Number of EmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000 $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000 $9,5005 $13,416$50,000 The President of State U decides to hire fundraising employees as long as their average benefit exceeds their average cost. This results in ________ employees being hired and a net benefit (total donations minus total labor costs) of ________.
A. 4; $60,000 B. 5; $67,080 C. 4; $22,000 D. 5; $17,080
Why is efficiency desirable?
A) It results in an equal distribution of income. B) It results in the highest prices for the goods and services produced. C) It makes best use of the available resources. D) It is the most politically popular solution.
If the marginal propensity to consume (MPC) is 0.50, the value of the spending multiplier is:
a. 5. b. 1. c. 2. d. 5.
Decisions regarding purchases and sales of securities by the Fed are made by: a. FDIC
b. Discount Committee. c. Federal Open Market Committee. d. Federal Funds Committee.