Wages and prices are many times higher today than they were 30 years ago, yet people do not work a lot more hours or buy fewer goods. How can this be?

As the demand for land falls

A) rents rise and more marginal land comes into use.
B) rents fall and less marginal land is used.
C) rents rise and less marginal land is used.
D) rents fall and more marginal land comes into use.

​If a firm produces 8 units of output with average fixed cost=$40 and average variable cost=$25,what is its total cost?

A) ​$320
B) $200
C) $520
D) ​$1,000

Autry Corporation's balance sheet and income statement appear below: Cash dividends were $40.The company sold equipment for $19 that was originally purchased for $6 and that had accumulated depreciation of $4.The net cash provided by (used in) investing activities for the year was:

A) $19
B) $140
C) ($159)
D) ($140)

Answer the question on the basis of the following information.Assume that if the interest rate that businesses must pay to borrow funds were 20 percent,it would be unprofitable for businesses to invest in new machinery and equipment,so investment would be zero.But if the interest rate were 16 percent,businesses would find it profitable to invest $10 billion.If the interest rate were 12 percent,$20 billion would be invested.Assume that total investment continues to increase by $10 billion for each successive 4 percentage point decline in the interest rate. Refer to the information.Which of the following correctly expresses the indicated relationship as an equation?

A) i = 20 - 4I.
B) i = 20 - .4I.
C) i = 24 - .4I.
D) i = 20 - 10I.

An employee earns $35 per hour. She worked 51 hours the third week of January.
Calculate the gross pay.
The business is involved in interstate commerce.
Federal Income Tax rate = 20%
State Income Tax rate = 5%
FICA rate OASDI = 6.2% and Medicare = 1.45%
FUTA rate = .8%
SUTA rate = 5.6%
$ ________

Farm programs such as those of the United States and the European Union cause a misallocation of international agricultural resources primarily because:

A) they distort domestic and world agricultural prices.
B) they inhibit technological progress in agriculture.
C) production and trade occur on the basis of comparative advantage.
D) price supports are set below market-clearing levels.

John receives certain goods from Tom.He promises to pay Tom later.This transaction is based on a(n) ________.

A) deed of trust
B) unsecured credit
C) mortgage
D) subrogation