The likelihood of successful collective action:
A. generally does not depend on the size of the group.
B. can be lower for small groups.
C. can be higher for large groups.
D. can be lower for large groups.
Answer: D
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If the Y-intercept of a linear function increases while the slope remains unchanged
a. the graph must shift down in a parallel way. b. the graph must rotate to the left about the X intercept. c. the graph must shift up in a parallel. d. the graph remains unchanged.
Wages are said to be "sticky downwards" because this promotes good work effort and ensures that workers and firms share the same goals of efficient production and profit maximization
a. True b. False Indicate whether the statement is true or false
The government has hired you to advise them on the merits of a project that is being proposed. The project is expected to generate benefits of 14 million dollars today, 5 million dollars in one year from today, and 1 million dollars in two years from today. (These are the only years of concern.) The project costs nothing today, but will cost 20 million dollars in two years. Assume the interest rate is 10%. If the benefit-cost ratio is greater than 1, the project should be allowed. What is your policy suggestion?
What will be an ideal response?
Suppose a firm manager has a base salary of $75,000 and earns 1.5 percent of all profits. Determine the manager's income, if revenues are $10,000,000 and profits are $5,000,000.
A. $300,000 B. $225,000 C. $75,000 D. $150,000