If the wage rate were $420, how many workers would be hired?
A. 1
B. 2
C. 3
D. 4
C. 3
Economics
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An increase in the demand for bonds will increase both the price of bonds and the quantity of bonds held
a. True b. False
Economics
Briefly discuss the determinants of supply other than price
What will be an ideal response?
Economics
The demand schedule reports the quantity demanded at
A. a zero price. B. many different prices. C. the average of all prices. D. the market equilibrium price.
Economics
The Lawn Ranger, a landscaping company, has total costs of $4,000 and total variable costs of $1,000. The Lawn Ranger's total fixed costs are
A. $0. B. $3,000. C. $5,000. D. indeterminate because the firm's output level is not known.
Economics