This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose a firm can hire 100 workers at 8.00 per hour but must pay 8.05 per hour to hire 101 workers. ... (Read 116 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
on: Jun 30, 2018
Suppose a firm can hire 100 workers at 8.00 per hour but must pay 8.05 per hour to hire 101 workers. Marginal factor cost (MFC) for the 101st worker is approximately equal to:
 a. 8.00.
  b. 8.05.
  c. 13.05.
  d. 13.00.

Question 2

The effect of automatic stabilizers on the business cycle is to:
 a. make upswings larger and downswings smaller.
  b. make upswings smaller and downswings larger.
  c. make both upswings and downswings smaller.
  d. eliminate fiscal drag.
 e. make both upswings and downswings larger.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frre432

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


tuffie

  • Member
  • Posts: 534
Reply 2 on: Jun 30, 2018
Excellent

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010 Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010
Collecting a 24-Hour Urine Specimen Collecting a 24-Hour Urine Specimen
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Firm handshake Firm handshake
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Specialized Workers: Honeypot Ant Specialized Workers: Honeypot Ant
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library