If it costs Danitra $225 to create 4 necklaces and $275 to create 5 necklaces, then the marginal cost of producing the 5th necklace is $50
Indicate whether the statement is true or false
TRUE
You might also like to view...
The outside lags related to monetary policy tend to be quite long
Indicate whether the statement is true or false
In the simple accelerator theory an increase in expected sales will
A) lead to an increase in net investment. B) not necessarily lead to an increase in net investment. C) lead to an immediate increase in replacement investment. D) lead to an increase in net investment in the following period.
Mr. McCain pays $1,000,000 in federal income tax. How much is his marginal tax rate?
What will be an ideal response?
Minimum wage laws contribute to a higher unemployment rate by
A. pushing wages below the market clearing level in all labor markets. B. raising wages above the market clearing level in some labor markets. C. raising wages above the market clearing level in all labor markets. D. pushing wages below the market clearing level in some labor markets.