Refer to the diagram. An industrial union could maximize employment by negotiating a wage rate of:

Refer to Table 4-7. The equations above describe the demand and supply for Pauline's Pickled Pomegranates. The equilibrium price and quantity for Pauline's Pickled Pomegranates are $30 and 15 thousand units

What is the value of consumer surplus? A) $50 thousand B) $112.5 thousand C) $225 thousand D) $337.5 thousand

Economists define investment as the purchase of

A) a new physical asset such as a new machine or a new house. B) any physical asset, whether new or not, used by business to increase production. C) any physical asset used by business to increase production and the repurchase of common stock. D) business spending on capital and household spending on durable goods.