If the productivity of an assembly line worker rises from 6 rivets per minute to 9 rivets per minute, we can say that her productivity

A. fell by 50%.
B. stayed the same.
C. rose by 50%.
D. rose by 100%.

C. rose by 50%.

Economics

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Refer to the scenario above. The housekeeper behaves in this particular way due to the ________

A) existence of asymmetric information B) presence of a positive externality C) presence of a free-rider problem D) existence of high incentive to work

Economics

Suppose Cournot duopolists firms (A and B) face the same market demand curve, and initially have identical costs. Firm A figures out a way of reducing its marginal cost. At the new Nash-Cournot equilibrium,

A) firm A's price falls. B) firm A's output expands and firm B's output contracts. C) firm B's profits expand. D) the price charged by both firms increases.

Economics