c. the slope of the curve. d.the number of times the Lorenz curve crosses the li
ID: 1113493 • Letter: C
Question
c. the slope of the curve. d.the number of times the Lorenz curve crosses the line of perfect ulation e.dividing the number of people below the poverty line by the a a rodce 120 iemse plates, and 17 workers produce 130 c. Diminishing marginal returns must begin with the sixteenth worker the t quality, total 24. Suppose 15 workers produce 100 license plates, 16 workers license plates. Identify the correct statement a. Diminishing marginal returns have not set in because the marginal product b.The marginal product of the seventeenth worker is 130. d. The marginal product of the sikteenth worker is greater than the marginal product o the seventeenth worker. e. The marginal product of the fifteenth worker must be 20. 25. Ifyou win S1 million in a lottery and are paid in installments,-- a. the future value of these payments is S1 million b. the present value of these payments equals S1 million if the interest rate is zero is 10 percent c. the present value of these payments equals S1 million if the interest rate d. the present value of the payments exceeds $1 million if the interest rate is positive e. the future value of the payments is less than $1 million if the interest rate is equal to zero 26. An initial public offering is: a. the first sale of stock of a newly formed company to the public. b. the initial dividend which is paid to the shareholders of a company when the company makes a profit. c. a lump-sum payment given to the bondholders of a company after the first year of purchasing the bond. d. the initial sale of stocks of a company to a few favored enterprises at a low price. e an initial investment made by the public in a company that is in financial trouble. 27. Union membership rates in the U.S. are: a. highest among government employees b. highest among industrial sector employees. c. highest among agricultural sector workers. d. increasing at a faster rate than the labor force. e. highest among women. 28. Saving is a. helpful for production but not necessary b. not useful for production because it decreases consumption c. required for production d. not useful for production because it is not a resource e. not useful for production because savers must be paid interest 29. The following image shows a market equilibrium. Suppose the government imposes a price f1 floor of $3 on each unit ofExplanation / Answer
Ans:
24) Option D
The marginal product of the sixteenth worker is greater than the marginal product of the seventeenth worker.
marginal product of labor is the change in output per unit of the change in labor. This case the marginal product of the sixteenth worker is 20 .i.e(120-100) and marginal product of the seventeenth worker is 10 .i.e(130-120).Hence marginal product of the sixteenth worker is greater than the marginal product of the seventeenth worker.
25) Option B
The present value of theses payments equals $1 million if the interest rate is zero.
It is the present day value of the cash flow to be received in the future.present value is computed under the concept of discounting.when the interest rate is zero it is equal to $1 million.
26) Option A
The first sale of stock of a newly formed company to the public.
Initial public offering is the first time sale of companies stocks to the public. It means the stocks of private company are offered to public.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.