The marginal product of the fourth gizmo worker hired is
A) 1.
B) 3.
C) 5.
D) 10.
C
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The interest rate that commercial banks charge each other for very short-term loans is called the ________.
A. federal funds rate B. prime rate C. commercial paper rate D. Federal Reserve discount rate
If the managers of your firm have bounded rationality, then
A) the firm should fire them and hire more competent managers. B) a Nash equilibrium does not exist. C) they are limited in their ability to calculate and may not succeed in maximizing profits. D) it is not possible to maximize profits.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Sara left her last job, in which she was earning $60,000, in order to form her own consulting business. Her revenues for the first year of consulting were $210,000. During that year, she hired two assistants for $25,000 each and spent $25,000 on office equipment. In addition, she incurred $75,000 in miscellaneous expenses. Sara's accounting profit that first year was
A. $60,000. B. $50,000. C. $210,000. D. $0.