Suppose the short-run production function is q = 10 ? L. If the wage rate is $10 per unit of labor, then MC equals

A) q.
B) q/10.
C) 10/q.
D) 1.

D

Economics

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One of the main sources of comparative advantage is natural resources

Indicate whether the statement is true or false

Economics

If you deposit a $50 check in the bank, the immediate impact on your bank's balance sheet will be a

A) $50 increase in reserves and a $50 increase in checkable deposits. B) $50 decrease in reserves and a $50 increase in checkable deposits. C) $50 increase in reserves and a $50 decrease in checkable deposits. D) $50 decrease in liabilities and a $50 increase in checkable deposits.

Economics