If the economy is fully employed, then the inflationary costs of expansionary policy are likely to be:
a. low, and the unemployment gains minimal.
b. low, and the unemployment gains large

Refer to the table above. What is the marginal rent cost if the firm decides to choose factory Far over factory Very Far?

A) $40 B) $100 C) $150 D) -$150

Refer to the information. Which technique is economically most efficient in producing A?

Answer the question on the basis of the following information: Suppose 30 units of product A
can be produced by employing just labor and capital in the four ways shown below. Assume
the prices of labor and capital are $2 and $3 respectively.

A. I.
B. II.
C. III.
D. IV.