A firm that can sell its output for $40 per unit. When it increases its labor force from 4 workers to 5 workers its output increases from 15 to 17 units. The value of marginal product of the 5th worker is
A) $680.
B) $340.
C) $80.
D) $40.
C
Economics
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The natural rate hypothesis argues that the economy will
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Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and a decrease in demand are represented by a movement from
A) point d to point a. B) point b to point d. C) point a to point c. D) point d to point b.
Economics
People and organizations have to make choices about how to allocate time and money because of
a. government rules and regulations b. corporate control of our lives c. scarcity of time and money d. religious values e. unlimited resources
Economics
The dual mandate does NOT include which of the following?
A. maximum employment B. stable prices C. the value of the dollar
Economics