Suppose at the current level of labor used, MRP = $100 and MFC = $50. To maximize profits, the firm should
A. reduce the level of labor.
B. maintain the current level of labor.
C. hire more labor.
D. shut down.
Answer: C
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Does it matter how much a developing country saves? Explain why or why not. Discuss theories and evidence on whether developing countries can increase the net savings rate in the economy through public policy
In particular, consider whether this can be accomplished through increased or decreased taxation of one or more types, and increased or decreased government spending of one or more types.
If demand is represented as Qd = 24 - P and supply is represented as Qs = 6 + 2P, the equilibrium price is
A. $3. B. $6. C. $10. D. $18.
If the supply and demand for a product both increase at the same time, the equilibrium price and equilibrium quantity of the product will both increase, ceteris paribus.
Answer the following statement true (T) or false (F)
Farmers can insure themselves against adverse price swings through the __________ market
A) bond B) stock C) futures D) food E) none of the above