If Tiger Toys faces a demand curve of P = 85 ? 0.25Q and a MC = ATC = 20, then the output would be
A. 65.0 units.
B. 32.5 units.
C. 85.0 units.
D. 130.0 units.
Answer: D
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The process of building up capital includes
a. acquiring funds from banks and other sources. b. use of borrowed funds to hire inputs to build factories, warehouses, etc. c. completion of the investment process by adding machinery and inventory. d. All of the above are correct.
If the income-consumption path slopes down, then:
A. both goods are inferior. B. both goods are normal. C. one good is normal and the other good is inferior. D. we can't tell anything about whether the goods are normal or inferior.
A man may be preferred to a woman by an employer who will make a substantial investment in the training of the employee because
A. most employers are sexist and think that women belong in the home caring for children. B. as a group women tend to have a weaker attachment to the labor force than men. C. employers have observed that women are less productive than men on most jobs. D. employers are afraid women will disrupt the workplace by distracting the male employees.
What is the input-substitution effect?
What will be an ideal response?