Hel pleaseeeeeeeee!! anybody?
a. easy entry into industries.
b. dynamic change and uncertainty.
c. X-inefficiency.
d. a decline in entrepreneurship.
2 Different rents on land reflect differences in the marginal revenue productivity of land.
a. True
b. False
3 If Congress were to pass a law exempting interest on saving from taxation, the:
a. supply of loanable funds would decrease and the equilibrium interest rate rise.
b. supply of loanable funds would increase and the equilibrium interest rate fall.
c. demand for loanable funds would increase and the equilibrium interest rate rise.
d. equilibrium interest rate would be unaffected.
4 A monopsonistic employer:
a. has a perfectly elastic labor supply curve.
b. is necessarily a monopolist in the product market.
c. confronts a marginal resource (labor) cost that is greater than the wage rate.
d. confronts a marginal resource (labor) cost that is less than the wage rate.
Answer:
1 - A = this is aphoristic, when government makes it easy to do business, you make money.
2 - B = MRP is a wage based principal, rents are a fixed cost principal, it's not related.
3 - B = Utopia defined... but we'd have to cut the departments of housing and education to fund such a cut, and that could lead to some issues... particularly in cities.
4 - D = could be argued that it's A... could I get the professors e-mail address, I'd like to discuss the real world application of this question, and why it was posed in a ineffective manor.
someone didnt do their homework
try going to wikipedia... they usually have everything
lazzzzy
that's
c,b,b,a.
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