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47 the accompanying table shows the supply and demand

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____47.The accompanying table shows the supply and demand schedules for workers in the country of Hovian. Thesupply schedule indicates that the labor supply curve is:a.backward bending.b.upward-sloping.c.downward-sloping.d.vertical.e.horizontal.
____48.Refer to the accompanying figure. This consumer experiences diminishing marginal utility:
____49.Maximizing utility:
____50.Refer to the graph shown. The middle quintile (the middle fifth) of families earn:Practice Final ExamAnswer SectionMULTIPLE CHOICE
5.ANS: D6.ANS: A7.ANS: A8.ANS: A9.ANS: A10.ANS: D11.ANS: A12.ANS: D13.ANS: B14.ANS: A15.ANS: C16.ANS: C17.ANS: D18.ANS: B19.ANS: E20.ANS: A21.ANS: D22.ANS: E23.ANS: C24.ANS: D25.ANS: C26.ANS: D27.ANS: C28.ANS: A29.ANS: E30.ANS: B31.ANS: E32.ANS: D33.ANS: A34.ANS: C35.ANS: C36.ANS: B37.ANS: C38.ANS: B39.ANS: B40.ANS: C
41.ANS: C42.ANS: A43.ANS: D44.ANS: A45.ANS: E46.ANS: C47.ANS: A48.ANS: A49.ANS: A50.ANS: B
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