Which of the following statements is TRUE?
A) There is a direct relationship between investment and the interest rate.
B) There is an inverse relationship between investment and the interest rate.
C) Investment is always less than savings.
D) There is no relationship between investment and the interest rate.
B
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Which of the following describes a firm?
a. Purchases labor hours from workers b. Borrows capital from investors c. Combines labor and capital to create production, moving them from their low value use to high value use d. All of the above
Sam, who owns a carpentry shop, discovered that with 4 laborers he could produce 18 cabinets per day. With 5 laborers he produced 25 cabinets and with 6 laborers he produced 36 cabinets. What was the MPP of the 6th laborer?
A) 11 cabinets B) 7 cabinets C) 36 cabinets D) 9 cabinets