If the labor market is perfectly competitive the wage rate will be less than the marginal revenue product of labor.
a. True
b. False
Indicate whether the statement is true or false
Question 2
If a 10 percent increase in the price of gasoline results in a 2 percent decrease in the quantity demanded of gasoline, then the elasticity of demand for gasoline is:
a. equal to 0.2 and demand is inelastic.
b. equal to 0.2 and demand is elastic.
c. equal to 0.02 and demand is elastic.
d. equal to 0.5 and demand is inelastic.
e. equal to 0.5 and the demand is elastic.
Primary production is positively correlated with the evapotranspiration rate.
Influence of enzyme-substrate affinity on the rate of an enzyme-catalyzed reaction.
Population growth rate %
Stock Market Question
The rate of replacement of a recessive allele d by the dominant allele D by mutation alone. Even tho
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.