If a monopsonist offers a wage of $6, he finds that 1,200 people are willing to work for him. This means that the:
a. marginal factor cost is $6.
b. marginal factor cost is $200.
c. total wage cost is $1,200.
d. total wage cost is $7,200.
e. $6 wage is too high.
d
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In recent economic history, the U.S. federal budget was in surplus from
A) 2001 through 2005. B) 1998 through 2001. C) 1990 through 1997. D) 1980 through 1989.
By the 2000s, investment banks had become significant participants in the secondary market for mortgages
Indicate whether the statement is true or false
If total reserves for a bank are $25,000, excess reserves are $5,000, and demand deposits are $100,000, the money multiplier must be
A. 10. B. 5. C. 25. D. 20.
BatheGroom0675134183222251270
Kaitlyn and Larissa have formed a dog bathing and grooming business. The number of dogs they can bathe or groom in any given day is depicted in Table 2.1. The opportunity cost of grooming the first dog in a day is bathing ________ dog(s).
A. 1 B. 2 C. 24 D. 25