Assuming all else equal, the demand curve for reserves in an economy shifts to the left. Which of the following could be a likely reason for this shift?
A) An increase in the federal funds rate B) A decrease in the federal funds rate
C) Rapid contraction of the economy D) Rapid expansion of the economy
C
Economics
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There is only one supermarket in Beverly Hills, California because
A) supermarkets can't compete effectively against residents in buying land. B) supermarket owners are paying attention to sunk costs in their location decisions. C) the demand for food is highly elastic in wealthy neighborhoods. D) the demand for food is highly inelastic in wealthy neighborhoods. E) wealthy people rarely do their own grocery shopping.
Economics
In the above table, what is marginal product of labor for the 2nd worker?
A) 20 B) 8 C) 10 D) 12
Economics