We can safely say that total output can increase if there is a(n)
A. increase in the number of machines per worker.
B. decrease in the number of workers per machine.
C. increase in the size of the labor force and a decrease in the productivity of workers.
D. decrease in the size of capital and an increase in the productivity of machines.
Answer: A
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For a given downward-sloping demand curve, a decrease in supply will cause a(n):
a. increase in quantity demanded. b. decrease in quantity demanded. c. decrease in the equilibrium price. d. increase in demand. e. increase in the equilibrium quantity.
The federal personal income tax
A. is actually less progressive than official tax schedules would indicate because of various tax exemptions and deductions. B. has become extremely progressive as a result of taxpayers' being pushed into higher tax brackets by higher income levels. C. has experienced substantial increases in rates during the past two years. D. has a regressive structure.
In the above figure, if the quantity is equal to 2,500,000 units, the deadweight loss is equal to
A) area B + area F. B) area D + area I. C) area C. D) area G + area H. E) None of the above answers is correct because the deadweight loss is equal to zero.
At a recent company meeting, Geraldine Erwin, sales manager of Dastoria, a flavored-beverage producer announced, "We have increased our sales by 8 percent in just six months"
Suppose six months ago, its sales amounted to $452,000, what is the value of its sales today? A) $36,160 B) $415,840 C) $488,160 D) $565,000