If a firm has a capital stock of $50,000 and employs 200 workers, its capital-labor ratio is
a. $1/250
b. 4 percent
c. 250 percent
d. $10,000,000
e. $250
E
Economics
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Use the above table. The MPC is
A) 0.09. B) 0.20. C) 0.80. D) 0.91.
Economics
In the final two decades of the twentieth century, average per capita global income
A) decreased by approximately 6 percent. B) increased by approximately 35 percent. C) increased by more than 75 percent. D) remained relatively unchanged.
Economics