Tucker Corporation sells its product for $5.00 . Tucker's industrial engineers have informed management that hiring one additional worker will increase output by five units per hour. Tucker should hire the additional worker only if the wage rate is:
a. $5.00 or less per hour.
b. $1.00 or more per hour.
c. $25.00 or less per hour.
d. none of these.
c
Economics
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Military spending is a good example of an automatic stabilizer
a. True b. False Indicate whether the statement is true or false
Economics
Pretty Polly produces dresses for little girls. When Pretty Polly's manager sets the change in ________ profit equal to its marginal cost of advertising, Pretty Polly's ________ profit is maximized.
A) net; gross B) gross; net C) net; net D) gross; gross
Economics