A firm's cost of production is determined by all of the following except
A) the productivity of its workers.
B) the amount of corporate taxes it must pay on its profit.
C) the technology used to produce its output.
D) the cost of raw material used in production.
B
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Jim has the following assets and liabilities:Credit Card balance$2,000Cash$500Government bonds$2,000Stocks$5,000Checking$750Car loan balance$5,000Car$15,000Which of the following actions would decrease Jim's money demand by $200?
A. Jim writes a $200 check for cash and holds the cash. B. Jim sells a $200 government bond and puts the proceeds in his checking account. C. Jim writes a check for $200 to pay down his credit card balance. D. Jim sells $200 worth of stocks and puts the proceeds in his checking account.
When the government borrows in the market, it
A. does not have to pay interest. B. is not required to pay back the entire principle. C. can get indefinite extensions on the loan. D. all of these answer options are correct. E. none of these answer options are correct.
If electricity is measured on the horizontal axis, and the price of electricity becomes more expensive beyond 500 kilowatts, we draw:
A. an indifference curve that becomes flatter at 500 kilowatts. B. a budget constraint that is kinked at 500 kilowatts. C. a budget constraint that becomes steeper at 500 kilowatts. D. an Engle curve that becomes negatively-sloped at 500 kilowatts.
How many workers are willing and able to work at the optimal union wage rate in Figure 31.1?
A. 13. B. 10. C. 16. D. 24.