Suppose China Airlines wants to purchase a French Airbus. The price of the Airbus is 95 million Euro. If the exchange rate is 1 euro per 9 yuan, the price of this airplane to China Airlines is

A problem with the CPI is the presence of a substitution bias on the behalf of consumers

Indicate whether the statement is true or false

If a firm is experiencing diminishing marginal returns to labor, then

a. total output must be decreasing b. total output rises more slowly as additional workers are added c. the firm must decrease the amount of labor it hires d. total output per worker must be rising e. the firm must be operating in the long run