Refer to the above table. If the price of the product is $1.50, and the marginal factor cost of an additional unit of an input is $105, how many units of labor should be hired?

A) 11
B) 12
C) 13
D) 14

C

Economics

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Everything else remaining unchanged, what is likely to happen to the equilibrium quantity of credit and the real interest rate if:

a. the credit demand curve shifts to the right? b. the credit supply curve shifts to the left? What will be an ideal response?

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The Federal Reserve System has

A) 50 district banks. B) 12 district banks. C) 24 district banks. D) 7 district banks.

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