In the above figure, the competitive firm will employ the quantity of labor
A. equal to Lb.
B. equal to Lc.
C. greater than Lc.
D. less than Lb.
Answer: A
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An item's ability to serve as money does not depend on its own market value or _______________
Fill in the blank(s) with the appropriate word(s).
Real GDP per capita
A. necessarily grows more rapidly than real GDP. B. cannot grow more slowly than real GDP. C. cannot grow more rapidly than real GDP. D. can grow either more slowly or more rapidly than real GDP.
If the exchange rate is such that $1 equals 10 Mexican pesos, then the price of a peso is
A) $10. B) $1. C) $0.20. D) $0.10.
Blenders Anytime produces kitchen products and has issued 20,000 shares of stock. Skip has 10,000 shares of Blenders’ common stock. Melda has 1,000 shares of its common stock. If Skip gets 50 votes at today’s shareholder’s meeting, how many votes does Melda get?
a. 1 b. 5 c. 10 d. 25