Which of the following will increase the break-even quantity?
a. A decrease in overall fixed costs
b. A decrease in the marginal costs
c. A decrease in the price level
d. An increase in price level
c
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Total efficiency units of labor is:
A) obtained by multiplying the total number of workers in the economy by the average efficiency of each worker. B) obtained by dividing the total capital stock of the economy by the total number of workers. C) obtained by multiplying the total population of the economy by the average amount of capital available to each worker. D) obtained by dividing the total number of workers in the economy by the average efficiency of each worker.
If the price of a good decreases, the resulting increase in the quantity purchased decreases the marginal utility of the good
a. True b. False Indicate whether the statement is true or false
If 1,000 Mexican pesos could buy $1.00 U.S. in 2006 and $0.87 U.S. in 2010, it implies that _____
a. the dollar depreciated against the peso b. the peso appreciated against the dollar c. the dollar strengthened against the peso d. the peso strengthened against the dollar
Which of the following could increase the supply of labor in the market for cranberry pickers? (i) a change in the preferences of women toward full-time work (ii) an increase in the output price (iii) an increase in the wages paid to apple pickers (iv) a decrease in the wages paid to apple pickers
a. (ii) only b. (i), (ii), and (iv) only c. (i) and (iv) only d. (ii) and (iii) only