The government decided to reduce taxes on fast-food to increase revenue. The government assumes that fast-food products have

The table above shows the total product schedule for Rick's Lawn Service, a yard care company. The average product of labor ________ when the 7th worker is hired

A) reaches its maximum B) equals 1 lawn mowed C) equals 28 lawns mowed D) equals 4 lawns mowed E) equals 2 lawns mowed

An increase in which of the following variables will cause a reduction in the amount of money individuals wish to hold in the current period?

A) current income B) the current nominal interest rate C) the current real interest rate D) expected future income E) all of the above