The official dividing line between the poor and nonpoor is called the
A. life threshold.
B. life edge.
C. poverty line.
D. beginning line.
Answer: C
Economics
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Suppose the marginal product of labor equals 1/L. If the firm can sell its output for $10 per unit, and the wage is $1 per unit, how many units of labor will the firm hire?
A) 0 B) 1 C) 10 D) 100
Economics
Figure 5-8
In Figure 5-8, the consumer is indifferent between the combinations of beer and wine coolers indicated by points
a.
A, C.
b.
B, D.
c.
C, B.
d.
A, B.
Economics