Suppose the respective prices of yogurt, candy bars, and popcorn in Year 1 are 1, 2, and 3 . In Year 2, the unit prices of each are 2, 3, and 4 respectively. Which of the following statements is true of the price level between Year 1 and Year 2?
a. It decreased by 20 percent.
b. It increased by 33 percent.
c. It increased from 6 to 9.
d. It decreased at a rate between 20 percent and 50 percent.
e. It increased at a rate between 33 percent and 100 percent.
Question 2
If the MRP is less than the wage, the firm should hire more labor.
a. True
b. False
Indicate whether the statement is true or false
Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe
This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ...
"No Oven Needed" Energy Bars Try this recipe as an inexpensive alternative to commercial ...
Foods for Baby’s First Year
Research that has examined babies' ability to recognize themselves develops in the 2 year
Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ...