In the above table, when the firm employs 4 workers, the marginal product will be
A. 208 tablets.
B. 35 tablets.
C. 140 tablets.
D. 30 tablets.
Answer: D
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Refer to the above figure. Suppose the marginal benefit and the marginal cost curves of pollution abatement are normally shaped. Technological change that made it easier to produce in a "cleaner" fashion would cause
A) curve (4 ) to shift out, increasing the optimal amount of pollution abatement. B) curve (3 ) to shift up, raising the marginal benefits and costs and reducing the amount of pollution abatement. C) curve (2 ) to shift out, increasing the optimal amount of pollution abatement. D) curve (1 ) to shift out, increasing the optimal amount of pollution abatement.
Net taxes are indirect business taxes plus transfer payments
a. True b. False Indicate whether the statement is true or false
Which of the following are excluded from GDP?
A. changes in the value of existing assets B. financial transactions C. sales of used goods D. All of the choices are excluded from GDP.
Monetarists argue that the money supply should
A. grow at a rate greater than the average growth of real output. B. grow at a rate slower than the average growth of real output. C. grow at a rate equal to the average growth of real output. D. be held constant over the business cycle.