A firm faces the following relationship between the real wage it pays and the effort exerted by its workers.
The marginal product of labor for this firm is given by MPN = E (100 - N)/9. How many workers will the firm employ?
A. 96
B. 92
C. 80
D. 88
Answer: A
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Refer to Figure 11.5. A decrease in the marginal propensity to import is best illustrated by diagram
A) A. B) B. C) C. D) D.
Work disincentives in the system of Social Security have seen the number of persons in the program increase dramatically. What incentives could be put in place to reverse, or at least slow, this trend?
What will be an ideal response?
Railroads, automobiles, television, computers, and genetic engineering are all examples of new industries that are believed by many economists to have triggered
a. innovation cycles b. all internal cycles c. all external cycles d. short-run cycles e. multiple-investment cycles
Recall the Application about the merger of Sirius Satellite Radio and XM Satellite Radio to answer the following question(s).Recall the Application. One might expect no more firms to enter after the market consolidated into one firm because:
A. the fixed cost of setting up a company system and acquiring programing is very high. B. the marginal cost of adding addition subscribers if very high. C. demand is very elastic. D. All of these