An individual with good job prospects who is between jobs is best considered as

Using the Rule of 70, if China's current growth rate of real GDP per person was 7 percent a year, how long would it take the country's real GDP per person to double?

A) 35 years B) 14 years C) 10 years D) 49 years

Suppose a farmer is a price taker in soybeans with cost functions given by TC = .1q2 + 2q + 100 MC = .2q + 2 Suppose the farmer has to purchase a license for $50 per period in order to stay in business. In this case, its marginal cost function is

a. still MC = .2q + 2 b. MC = .2q + 50 c. MC = .2q + 52 d. MC = 50