Refer to the table above. What is the marginal revenue of the monopolist when it sells 400 units of its product?
A) $2
B) -$2
C) $3
D) -$3
D
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In situations where new technologies are considered substitutes for workers, demand for these workers will ________, resulting in ________ in the equilibrium wage
A) increase; a decrease B) decrease; a decrease C) increase; an increase D) decrease; an increase
Minimum wage laws usually
a. increase the number of unskilled workers who are employed. b. benefit all unskilled workers. c. raise the wages paid to unskilled workers who are employed. d. All of the above are correct.
Contrast the economic performance of the American economy of 2001 with the economic performance of the 1996 to 2001 period. Use the appropriate aggregate demand and aggregate supply curves to distinguish the differing economic condition of the two periods
Unlike other methods, present value analysis indicates that a project should be undertaken if the NPV is greater than zero regardless the income distribution.
A. True B. False C. Uncertain