If Rory McIlroy only earned $500 per hour playing golf instead of $1,000 per hour, what should he do?
A) He should be indifferent as to who does the weed-whacking, for the difference in hourly earnings would now be insignificant.
B) He should hire a less-productive gardener.
C) He should do the weed-whacking himself.
D) He should still hire the gardener.
D
Economics
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The price of stock is determined by:
a. the demand for the good produced by the firm. b. the number of shares of a firm's stock that is available. c. the performance of the stock market. d. the performance of the Federal Reserve. e. the demand for and supply of a company's shares.
Economics
In the long run, producers do not incur any fixed cost as all inputs are variable
Indicate whether the statement is true or false
Economics