If Q is total real output, K is capital in use, L is labor employed, an increase in the productivity of labor would imply a(n):
a. increase in K/L
b. increase in L/K.
c. increase in Q/L.
d. decrease in Q/K.
e. decrease in (Q + K)/L.
c
Economics
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Lisa runs a local flower shop, if it rains on Valentine's Day and she opens the shop, she will lose $200. If it does not rain on Valentine's Day, she will earn $500 dollars as profits
The chance of rain is 30%, the standard deviation of the profits Lisa could earn on Valentine's Day is A) 198.17. B) 135.61. C) 432.43. D) 290.
Economics
External benefits in consumption refer to benefits accruing to:
A. Those who are selling the product to the consumers B. Those who bought and consumed the product C. Those other than the ones who consumed the product D. Those who are consuming the product abroad
Economics