Greg's Ice Cream produces 1120 gallons of ice cream per day. Each employed works seven hours and has productivity of 20 gallons an hour. How many employees does Greg's employ?
a. 160
b. 56
c. 8
d. None of the above is correct.
c
You might also like to view...
Many rapidly developing countries in East Asia have pursued government policies, which encourage savings. According to the neoclassical growth model, if these policies stimulate savings but do not encourage technology growth, then these policies
a. will have no effect on the level of output. b. will increase output growth permanently. c. will increase output growth in the short-run, but not in the long-run. d. will have no effect on the growth of output in the short-run or the long-run. e. none of the above.
Cheap talk
A) is never credible. B) is illegal. C) generally affects the game's payoffs. D) can be credible when both firms have an incentive to be truthful.
A decrease in the number of consumers in a market causes market demand to:
A. decrease, resulting in a surplus which will be eliminated as price falls. B. increase, resulting in a shortage which will be eliminated as price rises. C. increase, resulting in a shortage which will be eliminated as price falls. D. decrease, resulting in a surplus which will be eliminated as price rises.
Refer to the table above. If planned investment is $15 billion, then at the $560 billion level of output, there will be a(n):
The data below are for a private (no government) closed economy. All figures are in billions of dollars.
A. Unplanned increase in inventories of $5 billion
B. Unplanned increase in inventories of $10 billion
C. Unplanned decrease in inventories of $5 billion
D. Unplanned decrease in inventories of $10 billion