Refer to the accompanying table below. According to the Cost-Benefit Principle, how many units of this activity should be carried out?Units of ActivityTotal CostTotal Benefit0$0$01$2$122$6$223$12$304$20$365$30$406$42$427$56$43
A. 4
B. 5
C. 2
D. 3
Answer: D
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Use the following graph to answer the question below.
Using the regular percentage change formula, what is the price elasticity of supply when moving from point A to point B?
A. 2 B. 1 C. 3 D. 1/3
Because Federal Reserve Notes (paper currency) are legal tender
A) U.S. creditors must accept them in payment of debts. B) U.S. workers must accept them as payment for labor services. C) U.S. firms must accept them as payment for goods and services. D) All of he above are correct.
Economists assume that individuals consume products to:
a. minimize cost. b. maximize total utility. c. maximize consumption. d. minimize marginal utility.
Why might there be a trade-off between a bank's profitability and its safety?
What will be an ideal response?