Refer to the above table. What is the total labor cost for 11 workers?
Monopsonist's employment schedule.
A. $100
B. $150
C. $198
D. $220
C. $198
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If the price of a soda was 15 cents in 1970, when the CPI was 50, and 50 cents in 2007, when the CPI was 172, then
A) the price of the soda was greater in real value in 1970 than in 2007. B) prices on average have increased 567 percent. C) the price of a soda has increased a greater percentage than the CPI. D) prices on average have increased 244 percent. E) the real price of a soda is the same in 1970 and 2007.
On January 1, Rick's Photo owned $50,000 of equipment. During the year, the value of the equipment fell by $10,000, plus Rick bought $25,000 in new equipment. Rick's company experienced
A) an increase of net investment of $35,000. B) $40,000 of depreciation. C) $10,000 of depreciation. D) a change in total financial capital of $15,000. E) an increase of new capital by $10,000.
Ernie has an income of $40 which he plans to spend on cookies and milk. The price of milk is $1 per gallon, and the price of cookies is $2 per dozen
If Ernie buys 12 gallons of milk, how many dozens of cookies will he buy if he spends all of his income? A) 28 B) 20 C) 14 D) 12
In response to the overvalued dollar in the early 1970s, the German Bundesbank bought dollars and sold marks to keep the exchange rate fixed, gaining international reserves
The huge purchase of international reserves meant that the German monetary base began to ________, leading to ________ growth in the German money supply. A) decline; sluggish B) decline; rapid C) grow; sluggish D) grow; rapid