About ____ percent of business R&D spending is for basic research
A. 1
B. 5
C. 20
D. 75
Answer: B
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Which of the following is the correct statement of the marginal rule for optimal input proportions? The input proportion is optimal when
a. PA = PB. b. MPPA = MPPB. c. PA × MPPA = PB × MPPB. d. PA/PB = MPPA/MPPB.
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the GDP Price Index and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. The GDP Price Index and net nonreserve-related international borrowing/lending remain the same. b. The GDP Price Index rises, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). c. There is not enough information to determine what happens to these two macroeconomic variables. d. The GDP Price Index falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). e. The GDP Price Index falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative).
Zippy Car Wash on Main Street needs at least one worker to operate. That one worker can clean 10 cars in an hour. If a second worker is present, 18 cars can be washed per hour. With three workers, 25 cars can be washed per hour. With a full staff of four workers, 30 cars can be washed per hour. What is the marginal product for number of workers at Zippy Car Wash?
a. the total number of cars that can be washed with four workers b. the cost of wages and benefits for Zippy’s workers c. the optimal staffing level for the car wash d. the per worker change in the number of cars that can be washed per hour
In a monopoly market, the socially efficient quantity of output is typically higher than the profit-maximizing quantity of output for the monopolist
a. True b. False Indicate whether the statement is true or false