Which of the following is true of the shape of the short-run Phillips curve?
a. It is vertical

Refer to Scenario 11.1. How much would Mariana expect to pay each landowner for his or her land?

A) $200,000 B) $400,000 C) $600,000 D) $3 million

Refer to Table 17-3. What is Hotspur's profit maximizing quantity of labor?

A) 2 workers B) 3 workers C) 5 workers D) 6 workers