The following table is for a purely competitive market for resources.Number of WorkersTotal ProductProduct Price00$311632263334344035443At a wage rate of $23 per worker, the firm will choose to employ
A. 2 workers.
B. 3 workers.
C. 4 workers.
D. 5 workers.
Answer: B
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An increase in tax revenues ________ government saving and ________ national saving
A) raises, raises B) raises, lowers C) lowers, raises D) lowers, lowers
Which one of the following statements about policies to deal with monopoly is true? a. There is no consensus among economists about the best way to deal with monopoly and oligopoly
b. Economists agree that antitrust is best. c. Economists agree that government regulation is best. d. Economists agree that nationalization is best. e. Economists agree that laissez-faire is best.
Which of the following administers protective regulations on consumer finance?
a. Board of Governors b. Federal Reserve Banks c. Federal Open Market Committee d. Federal Advisory Council e. Department of Commerce
Other things the same, if the U.S. price level falls, then
a. U.S. residents want to buy more foreign bonds. The real exchange rate rises. b. U.S. residents want to buy more foreign bonds. The real exchange rate falls. c. U.S. residents want to buy fewer foreign bonds. The real exchange rate rises. d. U.S. residents want to buy fewer foreign bonds. The real exchange rate falls.