According to the above table, if the marginal revenue product is $48, how many workers will the profit maximizing monopsonist hire?

If the area between the line of equality and the Lorenz curve is 1,250, and the entire area beneath the line of equality is 5,000, the Gini ratio is

A) 0.25. B) 4.00. C) 0.33. D) 0.80.

A tornado siren is a

a. private good. b. club good. c. common resource. d. public good.