Assume labor is the only variable input and that an additional input of labor increases total output from 72 to 78 units. if the product sells or $6 per unit in a purely competitive market, the mrp of this additional worker is

Savings, Investment Spending, and the Financial System - End of Chapter Assume a hypothetical economy that is open to capital inflows and outflows, so that net capital inflow equals imports (IM) minus exports (X). b.

According to the UN Charter, one of the four purposes of the UN is to: a. be a center for harmonizing the actions of nations. b. encourage high tariffs on imports of manufactured goods. c. provide enhanced protection for patents. d.

In a system of 100-percent-reserve banking, the purpose of a bank is to make loans to households. influence the money supply. give depositors a safe place to keep their money. buy and sell gold.

Those who pay off their credit balances in full each month and avoid the finance and interest charges are known as convenience users

Smith Company reported pretax book income of $419,000. Included in the computation were favorable temporary differences of $53,800, unfavorable temporary differences of $21,900, and favorable permanent differences of $41,900.

Terri davis is planning to buy a new car. While on the internet she learned that the car has a base price of $16,007, options that total $2,334, and a $500 destination charge.

gOn July 1, Twin Pines Co., a water distiller, acquired new bottling equipment with a list price (fair market value) of $220,000.

3. Definition of economic costs Felix lives in Miami and runs a business that sells boats. In an average year, he receives $851,000 from selling boats.

In rich countries such as the United States, changes in the level of taxation have little impact on the incentives of entrepreneurs. True or False?

Organizational obligations are the same as personal ethical obligations. a. Trueb. False