Who did not find a colony?
a. Lord Baltimore
b. Sir Nelson Maryland
c. William Penn
d. Roger Williams
e. General James Oglethorpe
b. Sir Nelson Maryland
Economics
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Refer to the table above. Diminishing marginal returns sets in when:
A) the second worker is hired. B) the fourth worker is hired. C) the fifth worker is hired. D) the seventh worker is hired.
Economics
A firm uses an efficiency wage scheme to deter workers from shirking, which is detected 10% of the times. Suppose a risk-neutral worker that has a reservation wage of $500. The efficiency wage paid by this firm is $7,000. What is the industry ongoing wage?
A) $1,000 B) $5,000 C) $1,500 D) $2,000
Economics