Diane's Auto World installs tires on automobiles, light trucks, and sport utility vehicles. She is a profit-maximizing business owner whose firm operates in a competitive market. The marginal cost of installing a tire is $10 . The marginal productivity of the last worker that Diane hired was 2 tires per hour. What is the maximum hourly wage that Diane was willing to pay the last worker hired?
a. $5
b. $10
c. $20
d. There is insufficient information to answer this question.
C
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i. a mortgage for a house ii. state government borrowing for a new road project iii. your purchase of 4000 shares of stock in Google A) ii and iii B) ii only C) i only D) i and iii E) i and ii
Suppose a country had net exports of $7.5 billion and sold $44.6 billion of goods and services abroad. This country had
a. $44.6 billion of imports and $52.1 billion of exports. b. $52.1 billion of exports and $44.6 billion of imports. c. $44.6 billion of imports and $37.1 billion of exports. d. $44.6 billion of exports and $37.1 billion of imports.
If nominal GDP is $7,700 billion and M1 is $1,000 billion, then velocity is
A. 10.7. B. 7.7. C. 7.1. D. 7.0.
Slogans, company parties, rituals, and role models are all aspects of
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