Which price index tends to understate the impact of price changes on consumers?
A) Chain-weighted index
B) Laspeyres index
C) Paasche index
D) Ideal cost-of-living index
C
Economics
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If a nondiscriminating imperfectly competitive firm is selling its 100 th unit of output for $35, its marginal revenue:
A. may be either greater or less than $35. B. will also be $35. C. will be less than $35. D. will be greater than $35.
Economics
The additional production resulting from hiring one more worker is
A) marginal physical product. B) marginal cost. C) marginal production. D) additional production.
Economics