If an investment of $400 increases to $800 in 16 years, the annual interest rate of the investment must be _____

If a minimum wage is set above the equilibrium wage rate, employment

A) will increase. B) will not change. C) will decrease. D) may increase, decrease or not change depending on how the supply of labor is affected by the minimum wage.

The long-run average cost curve

A. is a composite of short-run AC curves. B. shows the lowest possible short-run AC corresponding to each output level. C. depends on the firm’s planning horizon. D. All of the responses are correct.