Refer to the above figure. The wage rate under perfect competition is
A) W2.
B) W3.
C) W4.
D) W5.
D
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Suppose 30 employee-hours can produce 50 units of output. Assuming the law of diminishing marginal returns is present, to produce 100 units of output would require:
A. an additional 30 employee-hours. B. more than 30 additional employee-hours. C. fewer than 30 additional employee-hours. D. a total of 60 or fewer employee-hours.
If a company pays a dividend of $5 to be received one year from now, dividends are expected to grow at a rate of 8 percent per year for the indefinite future, and the interest rate is 14 percent,
the price of the company's stock should be ________ per share. A) $8.00 B) $83.33 C) $227.27 D) $610.00
Newly-privatized firms in Eastern Europe require __________ investor monitoring, which suggests the relative desirability of a __________-oriented financial system
A) heavy; banking B) heavy; markets C) little or no; banking D) little or no; markets
In regards to monopolistic competition, some economists argue that consumers are willing to pay a higher price in order to enjoy a wider selection of goods and services
a. True b. False