Refer to the above table. Suppose the firm hires 4 workers and the price of the good sold is $4. The marginal factor cost of labor must be
A) $4.
B) $150.
C) $3080.
D) $600.
D
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Suppose an economy has a balanced federal budget, and a favorable supply shock hits the economy. Tax revenues will ________ and expenditures on transfer payments will ________, resulting in a budget ________
A) fall; fall; deficit B) increase; fall; surplus C) fall; increase; deficit D) increase; increase; surplus
The last federal budget surplus was in which of these years?
A. 1983-1985 B. 1975-1980 C. 1998-2000 D. 1991-1996
The process by which investors seek to profit by simultaneously selling an asset with a lower rate of return and buying an otherwise identical asset with a higher rate of return is known as:
A. hedging the market. B. passive fund management. C. arbitrage. D. portfolio balancing.
What policy tool of the Federal Reserve relies on bank borrowing to be effective?
A. Open-market operations B. Check collection C. The reserve ratio D. The discount rate