If Vito decides to work 30 hours instead, his marginal utility loss from having less leisure will be 34.
a. 15
b. 21
c. 27
d. 8
a. 15
If Boris decides to increase his weekly hours of work from 10 to 20 hours after his raise, the marginal utility loss from having less leisure will be 15.
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Prior to the advent of MCI (later named Worldcom) the telecommunications industry largely relied on one kind of technology – the copper wire
Why do you suppose that the use of microwave technology employed by MCI offered an important challenge to the principle of natural monopoly that existed at the time justifying the reliance on one company – AT&T.
Critics of the current system of Fed independence contend that
A) the current system is undemocratic. B) voters have too much say about monetary policy. C) the president has too much control over monetary policy on a day-to-day basis. D) the Board of Governors is held responsible for policy missteps.
When the price of a good increases, the quantity demanded of loanable funds ______. When the interest rate increases, the quantity demanded of loanable funds ______. When the interest rate increases, the quantity supplied of loanable funds ______
a. decreases, decreases, decreases b. increases, decreases, decreases c. increases, decreases, increases d. decreases, increases, increases e. increases, increases, increases
Two major criticisms of the Bureau of Census data as a portrayal of the degree of income inequality are that the income concept employed is too:
A. Broad and the income accounting period is too short B. Narrow and the income accounting period is too long C. Narrow and the income accounting period is too short D. Broad and the income accounting period is too long