In the table above, what is the equilibrium wage rate in an unregulated market?
A) $8.00 per hour
B) $9.00 per hour
C) $10.00 per hour
D) $11.00 per hour
C
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The amount of money people wish to hold shows an inverse relationship to
A) the interest rate. B) their planned near-term purchases. C) the money supply. D) the income tax rate.
The core rate of inflation is a measure of the relative price changes that excludes changes in energy and food prices
Indicate whether the statement is true or false
For direct price discrimination to work
a. The firm need not be able to identify the members of the low-value group b. The firm be able to charge the low-value customers a lower price than the higher-value customers c. The firm need not worry about any arbitrage since all its customers are charged the same price d. It needs to be too complicated for the customers to understand
For a firm in a perfectly competitive market, if it is producing at a level of output where marginal costs are less than marginal revenue it:
A. is producing a profit-maximizing quantity. B. should invest more in advertising in order to raise revenues. C. should cut back production to increase profits. D. should increase production to increase profits.