Use the following table to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product00102002060030720408205090060980The average product of the 40th input item is
A. 100.
B. 20.5.
C. 10.
D. 80.
Answer: B
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Suppose a firm receives $975 for a discount bond with a face value of $1000 to be repaid in one year. What is the amount of interest on the bond? What is the interest rate on the bond? Report a percentage with two decimal places
What will be an ideal response?
When a person pays a loan back to a bank by writing a check for the amount due, demand deposits decline and the money supply is reduced
a. True b. False Indicate whether the statement is true or false
In the long run, the Fed can change the inflation rate but not the unemployment rate
a. True b. False
The Southern economy ________________ from the damages of the Civil War.
A. quickly recovered B. experienced no lingering effects C. suffered decades of economic transition