The following table provides information about production at the XYZ-TV Company.Number of WorkersTVs ProducedMarginal ProductValue of Marginal Product00------13535$35,00026833$33,00039931$31,000412829$29,000515527$27,000How many workers will XYZ-TV Company hire if the going wage for TV production workers is $30,000?
A. 0
B. 3
C. 2
D. 1
Answer: B
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Suppose Ariana deposits $75,000 in her bank. If the reserve ratio is 20 percent, this will lead to a maximum increase of ________ in checking account balances throughout all banks
A) $15,000 B) $375,000 C) $750,000 D) $1,500,000
Which of the following is not a characteristic of indifference curves?
A) Indifference curves cannot intersect. B) The closer to the origin, the greater the utility level. C) Indifference curves are usually bowed in, or convex. D) The slope of an indifference curve is negative.
_____ have the ability to recognize constraints and may choose to incur the costs of altering them
a. Economists b. Rational people c. Entrepreneurs d. Research groups
When the U.S. dollar depreciates against other currencies:
a. foreign goods become less expensive to U.S. buyers. b. U.S. goods become more expensive to foreign buyers. c. foreign currencies depreciate against the U.S. dollar. d. the volume of U.S. imports decline. e. the volume of U.S. exports decline.