Consider the demand functions:
A) Qd = 250 - 2P
B) Qd = 300 - 3P
Which of the demand functions reflects a higher level of consumer incomes?
A) A
B) B
C) A and B reflect the same consumer incomes.
D) More information is needed.
D
Economics
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In the above table, what is marginal product of labor for the 2nd worker?
A) 20 B) 8 C) 10 D) 12
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On the long-run aggregate supply curve
A) an increase in the price level reduces the aggregate quantity of GDP supplied. B) an increase in the price level has no effect on the aggregate quantity of GDP supplied. C) an increase in the price level increases the level of potential GDP. D) an increase in the price level increases the aggregate quantity of GDP supplied.
Economics