How long does it take a firm to go from the short run to the long run?
a. six months
b. one year
c. two years
d. It depends on the nature of the firm.
d
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In the coordination failure model, a rightward shift in the labor supply curve
A) increases the real wage and increases employment. B) increases the real wage and decreases employment. C) decreases the real wage and increases employment. D) decreases the real wage and decreases employment.
The consumption function illustrates that:
a. saving increases as disposable income decreases. b. consumption increases as saving increases. c. consumption increases as disposable income increases. d. consumption increases as disposable income decreases. e. consumption increases as investment increases.
At the Pampered Pet Salon the marginal products of the first, second, and third workers are 50, 36, and 25 dogs washed, respectively. The total product (number of dogs washed) of the first two workers is
A. 11. B. 50. C. 86. D. 111.
The yield to maturity is ________ than the ________ rate when the bond price is ________ its face value
A) greater; coupon; above B) greater; coupon; below C) greater; perpetuity; above D) less; perpetuity; below