Which of the following is an example of a job that illustrates why wages differ due to education?
a. an attorney
b. a file clerk
c. a cashier
d. a fast food cook
a
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A firm's decision to invest in a project is based on the
A) real interest rate and expected total revenue. B) nominal interest rate and expected total revenue. C) nominal interest rate and the expected profit. D) real interest rate and the expected profit.
An example of an ongoing expense for a toy company would be buying:
A. a delivery truck, and would be included in total cost. B. a new factory, and would be excluded from total cost. C. advertising for their products, and would be included in total cost. D. None of these is true.
If a household's disposable income increases from $50,000 to $100,000 and its consumption increases from $40,000 to $80,000 . the MPS must be _____
a. 0.4 b. 0.8 c. 0.7 d. 0.2 e. 0.5
A monopolist maximizes profit by producing an output level where marginal cost equals price
a. True b. False Indicate whether the statement is true or false