The above figure gives your budget line between CDs and magazines. Which of the following changes would NOT allow you to buy more CDs?
A) a decrease in the relative price of CDs
B) an increase in income
C) a decrease in the price of magazines with no change in the price of CDs
D) None of the above answers is correct because all of the above changes allow you to buy more CDs.
D
Economics
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An increase in business taxes is likely to reduce aggregate demand because of a decrease in private investment.
a. true b. false
Economics
Suppose a monopsonist currently employs 100 workers at a wage rate of $400 per week. If the firm wants to expand employment to 110 workers, and the 110th worker will only work for $450 per week, what is the marginal labor cost of the 110th worker?
a. $450 per week b. $5,500 per week c. $950 per week d. $9,500 per week e. $49,500 per week
Economics