Use the information from the below table to answer following question(s).
In the above table, the average product for 5 units of labor is
A. 25.0.
B. 22.5.
C. 20.0.
D. 15.0.
Answer: A
Economics
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When people invest, they face a trade-off between which of the following?
a. a higher risk and higher return or a lower risk and lower return b. a higher risk and lower return or a lower risk and high return c. a higher risk and no change in the rate of return d. the price and the interest rate
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Savings is negative below a disposable income of ____________.
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Demand for oil around the world tends to be very inelastic
Indicate whether the statement is true or false
Economics
Suppose demand for a good is QD = 100 - P and supply is QS = -20 + P. What is the consumer surplus?
a. 200 b. 400 c. 600 d. 800
Economics