The table above shows the short-run product schedule for Virginia's Tee-Shirts. What is the marginal product associated with the hiring the fifth worker?
A) 30 shirts
B) 50 shirts
C) 235 shirts
D) 250 shirts
A
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In the past, the Department of Transportation allowed airline mergers that gave the merged airlines market shares of 79 and 82 percent, respectively, in their hub cities. The concept the dot used to allow mergers where there was obvious concentration was most likely
A. the good trust principle. B. contestability. C. the efficient market principle. D. the monopolistic competition principle.
Lindahl prices for collective consumption goods are _____
a. are sufficient to achieve political agreement on the optimal level of output b. are necessary to achieve political agreement on the optimal level of output c. are sufficient for economic efficiency d. are necessary for economic efficiency
If a competitive firm has to pay a lump sum tax, it will produce less
Indicate whether the statement is true or false
A_____ level of trade indicates that a good portion of the nation’s ______ is exported.
a. low; production b. high; production c. high; capital d. low; capital