Private goods are always provided by the private sector.

Unless otherwise indicated, when economists or investors refer to the interest rate on a financial asset, they referring to the:

A) current yield B) coupon rate C) yield to maturity D) prime rate

An apple orchard currently hires 10 workers. The owner estimates that hiring an additional worker would increase apple yields by 20 bushels per day. The price of apples is $15 per bushel. The owner should hire the extra worker if the wage rate is no greater than

a. $50 per day. b. $150 per day. c. $200 per day. d. $300 per day.