In the above table, what is the marginal factor cost of the 5th worker?
A. $26
B. $22
C. $90
D. $18
Answer: A
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A scatter diagram shows the
A) level of one variable over time. B) change in one variable over time. C) relationship between two variables. D) evolution of a variable.
When a perfectly competitive market is in its long-run equilibrium, the fact that the firms make zero economic profit will
A) encourage new firms to enter the market. B) cause existing firms to shut down. C) cause existing firms to leave the market. D) mean that the firms' owners earn a normal return.
In the Solow model, the steady-state capital—labor ratio will decline if
A) the saving rate per worker increases. B) the consumption rate per worker declines. C) population growth increases. D) productivity increases.
ADRs that are created at the request of a foreign firm wanting its shares traded in the United States are ________.
A) facilitated B) unfacilitated C) sponsored D) unsponsored