Refer to the table. For each of the 100 firms in this industry, marginal revenue and total revenue will be:
A. $4 and $400, respectively.
B. $3 and $30,000, respectively.
C. $4 and $20,000, respectively.
D. $3 and $18,000, respectively.
D. $3 and $18,000, respectively.
Economics
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If a firm increases its capital stock, real wages will likely ________ and the equilibrium quantity of labor will likely ________
A) decrease; decrease B) increase; increase C) decrease; increase D) increase; decrease
Economics
Refer to the scenario above. What is the future value of Wendy's deposit after one year?
A) $2,110 B) $2,120 C) $2,360 D) $2,400
Economics