In the Malthusian model, state-mandated population control policies are likely to
A) decrease the equilibrium size of the population and increase the equilibrium level of consumption per worker.
B) decrease the equilibrium size of the population and have no effect on the equilibrium level of consumption per worker.
C) have no effect on the equilibrium size of the population and increase the equilibrium level of consumption per worker.
D) have no effect on either the equilibrium size of the population or the equilibrium level of consumption per worker.
Question 2
When a particular firm is fully utilizing its capital, its output is given by Y = 10 . The cost of labor is 1 per unit. To maximize profit, how many units of labor should this firm use?
A) 25
B) 5
C) 3.16
D) 100
E) 50
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