Minimax Motors, a car manufacturer, spent $300 million on the establishment of a new plant that includes 25 assembly lines. The new plant has 470 employees that work 5 days a week to produce 1,200 cars per week. If Minimax Motors wants to increase its output to 1,400 cars per week immediately, it should:
a. increase the number of assembly lines in its plant
b. increase the number of workers in the plant.
c. increase the number of workers as well as the number of assembly lines in the plant.
d. open a new plant with more assembly lines and workers.
b
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When the Fed increases the quantity of money, the
A) demand for money curve shifts rightward. B) equilibrium nominal interest rate falls. C) equilibrium nominal interest rate rises. D) supply of money curve shifts leftward. E) demand for money curve shifts leftward.
If a separating equilibrium is played in a signaling game, the receiver will "update" his beliefs during the game.
Answer the following statement true (T) or false (F)
If all firms are identical, output prices will never change.
Answer the following statement true (T) or false (F)
When a tax is based on the difference between the market value of the taxpayer's assets and liabilities, it is called
A. a difference tax. B. a wedge tax. C. a personal net worth tax. D. an implied liability tax.