Efficiency is consistent with
A) maximizing net benefits.
B) equating marginal benefits and marginal costs.
C) maximizing total benefits.
D) minimizing total costs.
E) a and b
E
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Three workers run a house painting business and always work the same number of hours together. The paint they use requires applying two coats. Each worker paints 200 square feet per hour using a roller or 80 square feet per hour using a brush. If a technological advance provides a paint that only requires one coat, their average labor productivity per hour as a team:
A. increases. B. remains the same. C. may either increase or decrease. D. decreases.
Which firm provides the better signal when trying to decide which of the? firms' stock to? buy?
A. Firm? D, which? hasn't been under SEC investigation for over 5 years. B. Firm? C, which has seen its stock go up by? $20 per share in the last week. C. Firm? B, which uses an internal group for auditing. D. Firm? A, which uses an independent accounting firm for auditing.
Contrast the appropriate Keynesian response in an economy experiencing recession with the appropriate Keynesian response in an economy experiencing inflationary pressures
Employers will bear the full burden of the payroll tax if labor supply is
A. upward sloping. B. perfectly elastic. C. perfectly inelastic. D. backward bending.