The table below describes the relationship between the number of workers hired by a call center each hour and the number of calls the call center can make each hour. The call center has only 1 telephone. The telephone costs the firm $5/hour (regardless of how many calls are made), and each worker is paid $10 per hour.Calls PerHourNumber ofTelephonesPer HourNumber ofWorkersPer Hour0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225What is the total cost of making 6 calls an hour?
A. $40
B. $60
C. $30
D. $65
Answer: D
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A small change in a variable is:
A. an average change. B. a ceteris paribus change. C. an efficient change. D. a marginal change.
If a local leader in a developing nation claims that there is little or no correlation between a person's efforts and the economic rewards which are given to that person, this person is most likely expressing a:
A. Description of the vicious cycle of poverty B. Theory of exploitation and dependence C. Capricious view of the universe D. Rationale for neocolonialism
Based on the Saving-Investment Diagram, if the world real interest rate is indicated by C, then ________
A) the difference between values H and D measures the net capital outflow B) the difference between values H and D measures the trade deficit C) the domestic real interest rate is indicated by B D) the difference between values H and F measures the trade deficit E) none of the above
Karl Marx published:
a. The Wealth of Nations. b. General Theory of Communism. c. Das Kapital. d. Capitalist Manifesto.