Complete the following table
Energy Drinks Consumed per Week Price (P) Total Revenue (TR) Average Revenue (AR) Marginal Revenue (MR)
0 $6.00
1 5.50
2 5.00
3 4.50
4 4.00
5 3.50
6 3.00
7 2.50
8 2.00
Energy Drinks Consumed per Week Price (P) Total Revenue (TR) Average Revenue (AR) Marginal Revenue (MR)
0 $6.00 $0.00 --- ---
1 5.50 5.50 $5.50 $5.50
2 5.00 10.00 5.00 4.50
3 4.50 13.50 4.50 3.50
4 4.00 16.00 4.00 2.50
5 3.50 17.50 3.50 1.50
6 3.00 18.00 3.00 0.50
7 2.50 17.50 2.50 -0.50
8 2.00 16.00 2.00 -1.50
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Suppose a union successfully negotiates a wage rate for its members that is above the competitive wage rate, then
A) employment in the union sector will increase. B) the union must find a way to make union workers more productive. C) the union must also negotiate a fringe-benefit package that the membership will like. D) the union must find a way to ration jobs among the excessive number of workers who wish to work at the negotiated wage.
Why can't the expectations hypothesis stand alone as an adequate theory to explain yield curves?
What will be an ideal response?