If all six suppliers of cement to Metropolis all agree to establishes a price of $45 per ton, this would be
a. a legal contract
b. price discrimination
c. cost-plus pricing
d. a cartel
e. beneficial to consumers
D
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If j, an unbiased estimator of j, is also a consistent estimator of j, then when the sample size tends to infinity:
A. the distribution of j collapses to a single value of zero.
B. the distribution of j diverges away from a single value of zero.
C. the distribution of j collapses to the single point j.
D. the distribution of j diverges away from j.
The replacement ratio is defined as
a) The cost of replacing a worker b) The cost of employing a new worker relative to the value of output they could produce c) The cost of replacing capital relative to the book value of existing capital d) Unemployment benefit as a share of previous earnings e) None of the above