Refer to the figure above. If the profit-maximizing quantity of ...

[Bob-Dole]

Refer to the figure above. If the profit-maximizing quantity of labor hired by the firm is 40 hours, the market wage rate must be ________.
 
  A) 2 per hour
  B) 5 per hour
  C) 7 per hour
  D) 8 per hour

Question 2

The Fed makes an open market operation purchase of 200,000. The currency drain ratio is 33.33 percent and the desired reserve ratio is 10 percent. By how much does the quantity of money increase?
 
  A) 800,000
  B) 333,333
  C) 2,000,000
  D) 615,416
  E) 465,116

[brittiany.barnes]

Answer to Question 1

B

Answer to Question 2

D