If a company's total costs per day increase from $200 to $400 by adding another worker, but its additional benefits are $300, it is sensible to add that additional worker.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
Wealth can be thought of as:
A. The sum total of all assets less any debts. B. The sum of all assets you have at any one point in time. C. The income that you have earned that year. D. The sum of all assets and any expected future assets.
The owner of each share of a corporation's stock:
a. has the right to cast one vote for electing its board of directors. b. is entitled to 1 percent of the total profit earned by the firm. c. has the right to participate in its overall supervision. d. is liable for 1 percent of the total loss incurred by the company.
Real GDP per person in Richland is $20,000, while real GDP per person in Poorland is $10,000. However, Richland's real GDP per person is growing at 1 percent per year, and Poorland's real GDP per person is growing at 2 percent per year. After 50 years, real GDP per person in Richland minus real GDP in Poorland is:
A. positive and greater than $10,000. B. negative. C. zero. D. positive but less than $10,000.