Escape from the vicious cycle of poverty usually involves
a. assigning people to specific economic activities
b. increasing the percentage of income that is saved
c. highly sophisticated technology
d. all of the above
e. none of the above
B
Economics
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Which of the following can result in job rationing?
i. minimum wage ii. union wage iii. diminishing returns A) i, ii, and iii B) i and ii C) iii only D) i only E) ii only
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Arturo runs a Taco Bell franchise. He is selling 250 Gordita Supremes per week at a price of $2.75. If he lowers the price to $2.70, he will sell 251 Gordita Supremes
What is the marginal revenue of the 251st Gordita Supreme? If selling the extra Gordita Supreme adds $0.20 to Arturo's costs, what will be the effect on his profit from selling 251 Gordita Supremes instead of 250?
Economics