If the marginal factor cost of hiring an additional worker is $10 while the marginal revenue product is $15, then the firm should

Started by Larae

The 45° line on a Lorenz curve represents

Started by Nicolasa

Country A can product 100 units of Good X in a day and 40 units of Good Y while Country B can produce 50 units of Good X and 40 units of Good Y.

Started by Haywood

Which of the following transactions leads to an inflow of funds on the U.S. capital account?

Started by Verda

When nations specialize according to their comparative advantage

Started by Mitch

A right-to-work state is one in which

Started by Latina

Consider the above figure. Which of the following statements is correct?

Started by Maranda

Economists also refer to the normal rate of return on investment as

Started by Wayne

The total amount received from the sale of output is

Started by Sonny

Accounting profit can be calculated as

Started by Stephnie

A business which is owned by two or more people is called a

Started by Jerrell

Refer to the above table. This firm operates in a perfectly competitive market in which the market price is $10 per unit. What is its profit-maximizing rate of production?

Started by Abdul

A monopolist is

Started by Geralyn

The change in total output due to the change in one variable input, while holding all other inputs constant, is the

Started by Keisha

Employees at the university have negotiated a 5 percent increase in wages for the next year, based on their inflation expectations. If inflation is actually 6 percent over the next year, which of the following will occur?

Started by Tomas

If real GDP per capita in Ireland is estimated to be $7,400 in 2016, what will real GDP per capita be in 2021 if real GDP per capita grows at an annual rate of 2.8%?

Started by Ivana

What is the difference between explicit and implicit costs?

Started by Genevieve

Jobs lost to foreign trade are generally easy to identify, but jobs created by foreign trade are generally less easy to identify.

Started by Sharell

The General Agreement on Tariffs and Trade (GATT) was formed to replace the World Trade Organization (WTO) because the WTO was empowered only to reduce barriers to trade in goods.

Started by Shavonne

What is the difference between a firm's assets and its liabilities?

Started by Audrea