Other things the same, a higher real interest rate raises the quantity of
a. domestic investment.
b. net capital outflow.
c. loanable funds demanded.
d. loanable funds supplied.
d
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What would be the effect on the labor supply curve of a higher income tax rate?
When the marginal product of labor is below the average product of labor, the average product must increase when employment increases
Indicate whether the statement is true or false
Relative to a perfectly competitive market for an exhaustible resource, the monopolist charges a ________ price and uses the resource more ________
A) lower, slowly B) lower, quickly C) higher, slowly D) higher, quickly
If 10 workers will be hired by a firm at a wage rate of $15 per hour, but the 11th worker will be hired only if the wage rate falls to $14 per hour, then the marginal wage of the 11th worker is
A. $14 per hour. B. -$1 per hour. C. $154 per hour. D. $4 per hour.