Use the following table to answer the question below: The amount of total output produced from various combinations of labor and capital. If labor is fixed at three units, how much does the second unit of capital add to total output?

A. 150
B. 100
C. 210
D. 360
E. none of the above


Answer: C

Economics

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A bond has a current market value of $800. The holder of the bond will receive a single payment of $1,000 one year from now. The interest rate is 10 percent. The effective yield on the bond is:

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The difference between the demand curve and the supply curve is that the demand curve shows ______, whereas the supply curve shows______.

a. the lowest price suppliers are willing to accept for a good or service; the highest price consumers are willing to pay for it b. the highest prices consumers are willing to pay for a good or service; the lowest prices suppliers require to provide it c. how increasing the price of a good increases its luxury status; how long it takes to bring goods to market d. how popular an item is regardless of its price; the available stock on hand at a given point in time

Economics