Dilbert's Incorporated produced 6,000,000 units of software in 2010 . At the start of 2011 the pointy-haired boss raised employment from 10,000 total annual hours to 14,000 annual hours and production was 7,000,000 units. These number indicate that productivity
a. fell by about 16.7%.
b. stayed the same.
c. rose by about 16.7%.
d. rose by about 40%.
a
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When total utility is at a maximum, marginal utility is:
a. zero. b. positive. c. negative. d. one. e. infinite.
A year-long drought that destroys most of the summer's crops would be considered a:
A. short-run supply shock. B. long-run demand shock. C. long-run supply shock. D. short-run demand shock.
The monopolist will choose the price and output combination at which
A) MC equals AR. B) MC equals MR. C) MC equals price. D) MR equals AR.
If the U.S. Treasury is forced to sell bills and bonds to the U.S. public to finance deficits, this may ________ the price of bonds and ________ the interest rates on the bonds.
A. drive up; drive up B. drive down; drive up C. drive down; drive down D. drive up; drive down