The absolute value of the slope of an indifference curve equals the ratio of the marginal utilities of the two goods involved
Indicate whether the statement is true or false
True . The MRS can be represented as the ratio of both those quantities.
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The labor force participation rates of men have gradually increased since 1948
Indicate whether the statement is true or false
The typical total profit graphical presentation is shown as
A. a square. B. a rectangle. C. a hill, or mound. D. an S curve.
Suppose Mark invests a sum of $100,000 in a new venture. To fund his investment, Mark withdraws $50,000 from a savings account paying 10% per year and uses the proceeds from a bond that has just matured worth $50,000 . If he had reinvested the proceeds from the bond, he could have earned interest at the rate of 5%. Calculate the opportunity cost of capital for Mark in a particular year
a. $5,000 b. $7,500 c. $10,000 d. $12,500 e. $100,000
Differences in size of real GDP across countries are best explained by
A. Human capital. B. Large farming sector. C. Population growth. D. None of the choices are correct.