The price of lumber increased by 10 percent and the quantity supplied increased by 20 percent. The supply of lumber is

The above table has the marginal product schedule for Nick's Dry Cleaners, a perfectly competitive dry cleaning firm

a) If the price to dry clean a blouse is $8 each, complete the last column of the table. b) If Nick can hire workers at the going wage rate of $16 an hour, how many workers does Nick hire?

In the years immediately following the passage of the American Recovery and Reinvestment Act, interest rates ________, and the prices of goods and services ________.

A. remained high; barely changed B. fell dramatically; rose at higher-than-normal rates C. rose sharply; fell sharply D. remained low; rose at lower-than-normal rates