The above table shows the total product schedule for the campus book store. If each employee is paid $6 per hour and there are no other variable costs, then at what level of books sold per hour does the marginal cost begin to increase?

The price elasticity of the supply of teenage labor services is approximately 1.36. Suppose the minimum wage rises from $7.25 per hour to $8.75. Using the midpoint formula, what is the approximate change in the quantity of teenage labor supplied?

A) 7.3 percent B) 14.4 percent C) 25.5 percent D) There is insufficient information to answer the question.

How does investors’ preference for risk affect the slope of the security market line?

What will be an ideal response?