Refer to the above table. What does the marginal revenue product equal when 27 workers are hired a week?

A. $8
B. $16.25
C. $216
D. $1040

Answer: D

Economics

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If D equals the maximum amount of new demand-deposit money that can be created by the banking system on the basis of any given amount of excess reserves; E equals the amount of excess reserves; and m is the monetary multiplier, then:

A. m = E/D. B. D = E × m. C. D = E - 1/m. D. D = m/E.

Economics

A key to creating effective policy to fight poverty is to understand:

A. why people are poor. B. the correlation between education and income. C. the correlation between income and geographic location. D. the unintended consequences of reductions in the incentive to work.

Economics