Joe runs a pizzeria at a busy place in a city. Around 125 customers visit every day and they each buy 3 pizzas on average. Joe has employed 20 laborers to make pizzas. The productivity of one laborer per day in the pizzeria is equal to _____
a. 6.25 pizzas per worker
b. 18.75 pizzas per worker
c. 6.67 pizzas per worker
d. 41.67 pizzas per worker
e. 20.75 pizzas per worker
b
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Second-degree price discrimination occurs when:
A) each consumer is charged exactly their willingness to pay. B) different groups of consumers are charged different prices. C) consumers are charged different prices at different points of time. D) consumers are charged different prices based on characteristics of their purchase.
Suppose a new law imposes a tax on all trades of bonds and stock. What is the likely effect on money demand?
A) Money demand declines first, then rises when inflation increases. B) Money demand rises. C) The overall effect is ambiguous. D) Money demand declines.
To minimize the asymmetric information problem, the government is called on to require and enforce full disclosure of information
a. True b. False Indicate whether the statement is true or false
A movement to the left along a given short-run Phillips curve could be caused by
a. a reduction in the natural rate of unemployment or expansionary monetary policy. b. expansionary monetary policy, but not a reduction in the natural rate of unemployment. c. either a reduction in the natural rate of unemployment or a contractionary monetary policy. d. contractionary monetary policy, but not a reduction in the natural rate of unemployment.