According to the above table, the marginal factor cost of the fifth worker is
A. $45.00.
B. $30.00.
C. $90.00.
D. $60.00.
Answer: B
You might also like to view...
While Schumpeter's view that clusters of innovations can set off an innovation cycle is quite different from the views held by real business cycle theorists, they both
a. believe that cycles are not inevitable but the result of historical accidents b. believe that cycles are inherent and inevitable c. they both focus their analyses on technological change d. view the interaction of the multiplier and accelerator as the key factor prolonging the innovation cycle e. advocate strong countercyclical fiscal policy as a means of creating a more stable growth path for the economy
Figure 10-15
The economy's short-run (SRAS ) and long-run (LRAS) aggregate supply curves are shown in , along with three alternative aggregate demand curves and the accompanying equilibrium points. At which point will resource prices naturally tend to increase?
a.
A
b.
B
c.
C
d.
D
When the National Hockey League locked out the hockey players in an effort to negotiate a salary cap with the players' union, it was an example of conflict:
A. within monopolistic competition. B. between monopsony on the employers' side and competition on the union's side. C. within a bilateral monopoly. D. between unions and hockey fans.
The budget deficit or surplus is:
A. well defined and straightforward to measure. B. difficult to measure and can be defined legitimately in several ways. C. so arbitrarily defined that it is meaningless. D. well defined but frequently distorted by creative but improper accounting practices.