Capital deepening causes ________ in the demand for labor
A) a decrease B) an increase
C) no change D) either an increase or decrease
B
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The following table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase.CPUGHzTotal BenefitMarginal BenefitTotal CostsMarginal Costs2.0$1,000 $900 2.5$1,400 &1003.0 $300$1,200 3.5$1,900 &1,500 4.0$2,000 &400The marginal cost of upgrading from a 2.5GHz to 3.0GHz computer is:
A. $200. B. $100. C. $400. D. $300.
Which of the following is a determinant of Investment spending?
A. Real income B. Expected future income C. Taxes D. Wealth
In Europe, birth rates have fallen as the stork population decreased. This is likely a. a normative statement
b. confusing correlation and causation. c. the fallacy of composition. d. all of the above
Does an upward-sloping labor-supply curve mean that people respond to a decrease in the wage by enjoying more leisure or less leisure?