The Federal Reserve was created in:
A. 1945.
B. 1913.
C. 1929.
D. 1909.
Answer: B
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The marginal product of labor for Acme, Inc is 15. The average product of labor is 25, and the price of labor is $10. Assuming that Acme, Inc is a competitor in its output and input markets, the marginal revenue product of labor:
A) is $10. B) is $150. C) is $250. D) is $375. E) cannot be determined with the information provided.
As the income of bus riders increased, the wages of bus drivers increased simultaneously. How does this affect the market for bus rides (inferior good)?
a. The demand curve will shift to the left; the supply curve will shift to the left b. The demand curve will shift to the left; the supply curve will shift to the right c. The demand curve will shift to the right; the supply curve will shift to the left d. The demand curve will shift to the right; the supply curve will shift to the right
Make or buy decisions affect the degree of vertical integration
Indicate whether the statement is true or false
The demand curve for investment as a function of the interest rate is
a. vertical b. horizontal c. upward sloping d. downward sloping e. the same as the demand curve for saving