Total government spending in the U.S. economy was around _____ of the GDP in the financial year 2010
a. 5 percent
b. 36 percent
c. 25 percent
d. 44 percent
e. 16 percent
b
Economics
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In the above figure, when the firm produces output corresponding to point c, the firm's marginal cost
A) is less than its marginal revenue. B) equals its marginal revenue. C) exceeds its marginal revenue. D) equals its average revenue.
Economics
A firm's primary interest when it hires an additional worker is
A) whether or not the new worker gets along with the firm's existing workers. B) the cost of hiring the additional worker. C) how the average output of the firm will be affected by this new worker. D) the extra revenue the firm realizes from hiring that worker.
Economics