The above figure shows the reaction functions for two pizza shops in a small isolated town. The Stackelberg leader will produce

A) 25 pizzas.
B) 50 pizzas.
C) 66.7 pizzas.
D) 100 pizzas.

D

Economics

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Policymakers utilize gross domestic product figures

a. to monitor recessions and expansions. b. as a means to measure welfare. c. to observe long-run growth trends. d. Both a and c e. All of the above

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In the above table, what is the marginal physical product of worker 5?

A) 8 B) 10 C) 11 D) 7

Economics