The accompanying table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities.Number of EmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000 $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000 $9,5005 $13,416$50,000 The net benefit of hiring fundraisers is largest when ________ employees are hired.
A. 3
B. 4
C. 2
D. 1
Answer: C
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a. X to point A.
b. X to point B.
c. B to point C.
d. C to point D.
One reason there is political opposition to international trade is that:
A. not everyone benefits from trade. B. the differences in opportunity costs between countries are small. C. trade does not increase the total value of goods and services produced by a nation. D. the potential gains from specialization and trade are small.
There were a huge number of bank failures between
A. 1930 and 1933. B. 1933 and 1936. C. 1936 and 1939. D. 1939 and 1942.
An inferior good is a good whose quantity demanded
A. rises when its price falls. B. falls when the price of a related good falls. C. falls when the consumer’s total utility rises. D. rises when the consumer’s real income falls.