Other things equal, if the wage rates paid to a firm's labor inputs were to rise, we would expect the:
A. AFC and ATC to fall.
B. AFC, AVC, ATC, and MC to rise.
C. AVC, ATC, and MC to rise.
D. MP to fall.
Answer: C
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In the United States, the central bank is the:
A. Federal Reserve. B. Congressional Budgeting Office. C. Treasury. D. National Bank of the United States.
The Herfindahl index:
A. measures the prices charged by oligopolistic manufacturers. B. is another name for the four-firm concentration ratio. C. tells us whether oligopolistic firms are engaging in collusion. D. gives much greater weight to larger firms than to smaller firms in an industry.
Season tickets entail a certain amount of risk due to unpredictable team quality, injuries, weather, and so forth. Who is most likely to purchase season tickets?
A) Sally, who is a rabid fan and is not wealthy B) Jim, who is a rabid fan and is risk neutral C) Roger, who is a rabid fan but is risk averse D) Jenn, who is a fan and is very wealthy
Refer to the given data. If your taxable income increases from $4,000 to $5,000, you will encounter a marginal tax rate of:
A. 40 percent.
B. 25 percent.
C. 15 percent.
D. 10 percent.