Based on the table above, what is the marginal revenue of the tenth unit of output?
A) $190
B) $100
C) $10
D) $9
C
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Roughly what percent of American families lived below the poverty line in 1960?
A) 8% B) 18% C) 28% D) 38% E) 48%.
One fundamental determinant of the rate of growth is the rate of _______. To have more consumption in the? future, we have to _____ rather than consume. In? general, countries that have had higher rates of _______ have had higher rates of growth in per capita real GDP.
Fill in the blank(s) with the appropriate word(s).
When asset specificity is very high and there is a lot of market uncertainty, then it is best for a firm to:
A. vertically integrate. B. buy in the open market. C. engage in a joint venture. D. use a long-term contract.
Bill Bonecrusher graduates from college with a choice of playing professional football at $2 million a year or coaching for $50,000 a year
He decides to play football, but eight years later, though he could continue to play football at $2 million a year, he quits football to make movies for $3 million a year. His opportunity cost of playing football at graduation was ________ and eight years later the opportunity cost of making movies was ________. A) $50,000; $2 million B) $2 million; $2 million C) $2 million; $3 million D) $50,000; $50,000