Output per worker is 50, the saving rate is 15 percent, the population is growing at one percent, depreciation is 9 percent, and the capital-labor ratio is 80. Consumption per worker is ________
A) 37.5
B) falling
C) 75
D) 68
B
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Because of diminishing returns, a factor in relatively low supply has a
a. low marginal product and a low rental price. b. low marginal product and a high rental price. c. high marginal product and a low rental price. d. high marginal product and a high rental price.
Which market structure(s) is(are) considered highly concentrated?
Suppose there are 100 firms in a perfectly competitive market. Each firm supplies 100 units of output when price is $5, and so market quantity supplied is ________ when price is $5 . Each firm supplies 150 units of output when price is $7, and so market quantity supplied is ________ when price is $7
a. 100; 150 b. 10,000; 15,000 c. 500; 1,050 d. 50; 700
When the Federal Reserve Banks decide to buy government bonds from banks and the public, the supply of reserves in the Federal funds market:
a. Increases and the Federal funds rate decreases b. Decreases and the Federal funds rate decreases c. Increases and the Federal funds rate increases d. Decreases and the Federal funds rate increases