A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 per wash, and the price of workers is $60 per day. The car wash should hire a fifth worker if it would increase total production to at least:
a. 92 cars per day.
b. 100 cars per day.
c. 104 cars per day.
d. 110 cars per day.
a
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Jack Dorsey is the Chief Executive Officer of Twitter as well as a member of Twitter's board of directors. Dorsey is therefore classified as an
A) independent director. B) inside director. C) unbiased director. D) outside director.
Which of the following statements is correct?
a. Low prices may not always be in the public interest. b. If prices on scarce resources are set "too low," consumers will receive the "wrong" signals and be encouraged to consume more, thus squandering resources. c. Raising prices on scarce resources is generally politically unpopular. d. All of the above are correct.
Most excise taxes are
A. progressive. B. proportional. C. regressive.
How many important functions does money have in the economy?
a. eight b. one c. two d. four