When graphed, variables that are unrelated are shown by either a horizontal or a vertical line
Indicate whether the statement is true or false
TRUE
Economics
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Suppose y = Ak1/3, the capital-labor ratio is $30,000 per worker, the level of total factor productivity is 400, 50% of the population works, and there are 50 million workers. Real GDP per capita is
A) $4,930.85. B) $6,212.33. C) $7,765.41. D) $9,033.96.
Economics
A kinked demand curve is associated with
a. tit-for-tat behavior b. a dominant firm c. a discontinuous marginal revenue curve d. extreme marginalism e. price leadership
Economics