If bicycles can be sold for $100 each, and the marginal product of hiring a third worker is 2 bicycles, then the marginal revenue product from hiring that worker is

Which of the following are consequences of inflation? a. It increases the burdens on people with fixed incomes when inflation is not anticipated

b. It hurts savers who did not anticipate how high the inflation was, but helps those who have borrowed at a fixed rate before the inflation became apparent. c. Inflation imposes costs on people who devote resources to protecting themselves from expected inflation. d. all of the above

If the elasticity of demand for mothballs is 0.50, then moving along the demand for mothballs:

a. A 20% rise in the price of mothballs will lead to a 10% fall in the quantity of mothballs demanded. b. A 10% rise in the price of mothballs will lead to a 20% fall in the quantity of mothballs demanded. c. A 20% rise in the price of mothballs will lead to a 10% rise in the quantity of mothballs demanded. d. A 10% rise in the price of mothballs will lead to a 20% rise in the quantity of mothballs demanded.