According to the above table, if the wage rate is $400 a week and the price of the good produced is $5, the perfectly competitive firm should hire

Which of the following is most likely to cause the long-run aggregate supply curve to shift rightward?

a. A rise in energy prices b. A drop in the actual price level c. An increase in the demand for leisure hours d. An increase in the level of investment spending that is less than the depreciation of the capital stock e. A technological breakthrough with widespread practical applications

Exhibit 36-1 Bond FaceValueof Bond Price ofthe Bond Annual CouponPayment A $1,000 $850 $25 B $1,000 $950 $41 C $1,000 $1,100 $52 D $1,000 $1,100 $32 E $1,000 $1,000 $50 Refer to Exhibit 36-1. The yield on bond C is approximately

A. 0.05 percent. B. 5.2 percent. C. 4.7 percent. D. 100 percent.