Suppose the growth rate of the firm's profit is 4 percent, the interest rate is 5 percent, and the current profits of the firm are $75 million. What is the value of the firm?
A. $2,111.5 million
B. $10,600 million
C. $7,766.6 million
D. None of the statements associated with this question are correct.
Answer: D
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Refer to the table above. Which of the following statements is true about the marginal product of labor?
A) The marginal product initially decreases with the first few workers and then increases. B) The marginal product initially increases with the first few workers and then decreases. C) The marginal product decreases as more workers are hired. D) The marginal product increases as more workers are hired.
The multiple changes in income and output that results from a change in autonomous expenditure is called the multiplier
Indicate whether the statement is true or false
In the U.S. economy, labor earnings make up about
a. one-half of total income. b. two-thirds of total income. c. three-fourths of total income. d. nine-tenths of total income.
Which of the following is a macroeconomic policy?
A. Regulations limiting automobile emissions. B. Requiring locks on all guns. C. Tax cuts to bring the federal budget into balance D. How an early freeze in California will affect the price of fruit.