A family on a trip budgets $1,000 for meals and gasoline. If the price of a meal for the family is $50 and if gasoline costs $3.50 per gallon, then how many meals can the family buy if they buy 100 gallons of gasoline?

The marginal product of the fourth gizmo worker hired is

A) 1. B) 3. C) 5. D) 10.

The value of a real option varies with all of the following, EXCEPT:

a. the range of outcomes. b. the rate of interest. c. the rate of unemployment. d. the delay in resolving uncertainty.