Refer to the accompanying table. To increase output from 33 to 66 units requires ________ extra employee(s) per day; to increase output from 66 to 99 units requires ________ extra employee(s) per day.Output Per DayNumber of Employees Per Day00331662994132716511
A. 1; 2
B. 2; 4
C. 1; 1
D. 2; 1
Answer: A
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What is the nature of the elasticity of the demand curve faced by perfectly competitive firm?
A. Perfectly inelastic B. Perfectly elastic C. Unit elastic D. Highly elastic
The market demand for an item is
a. the sum of individual demands. b. steeper for any given price change than the individual demand curves. c. independent of the number of individuals in the market. d. determined by dividing the quantity demanded by each individual by the number of individuals in the market.
If there are 10 job losers, 12 job leavers, 13 reentrants, and 12 new entrants, then there are __________ unemployed persons
A) 35 B) 47 C) 25 D) 37 E) There is not enough information to answer the question.
The rate of discount is best described as the rate of
A. return on financial assets after an inflation adjustment has been made. B. interest used to derive the present values of future sums. C. return on financial capital that has not been adjusted for inflation. D. return on physical capital after the cost of capital has been removed.