In the table above, the marginal product of the 5th worker is ________ units per week
A) 2
B) 5
C) 10
D) 19
C
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Which of the following was true regarding subprime mortgages that were popular in 2005–2006?
A. More than 90 percent of these loans were made by regulated banks. B. Bankers expected higher default rates on these loans. C. They were generally fixed rate loans. D. All of these responses are correct.
When the price is $2
A. quantity supplied is greater than quantity demanded and, therefore, price must rise to get to equilibrium.
B. quantity supplied is less than quantity demanded and, therefore, price must fall to get to equilibrium.
C. quantity demanded is greater than quantity supplied and, therefore, price must rise to get to equilibrium.
D. quantity demanded is greater than quantity supplied and, therefore, price must fall to get to equilibrium.