As a result of an increase in demand from D2 to D1 in Figure 36.4, ceteris paribus, the price of a $40,000 U.S. computer system, in terms of Japanese yen, would: =
A. Decrease in price by 200,000 million yen.
B. Increase in price by 800,000 yen.
C. Increase in price by 200,000 million yen.
D. Decrease in price by 800,000 yen.
Answer: B
You might also like to view...
The contribution to output growth of technological progress is estimated by how much of the output growth can be explained by the growth in inputs
Indicate whether the statement is true or false
Suppose Cournot duopolist firms operate with each having a cost of 30qi (i = 1,2 ) so that each firm's marginal cost is 30. The inverse market demand curve is P = 120 - Q where Q = q1 + q2
Suppose there were no barriers to entry and firms continued to enter so long as there were positive economic profits. At the Nash-Cournot equilibrium, the price, P, is A) 30. B) 45. C) 60. D) 90.
Overall, professional securities analysts have a 75 percent success rate in predicting winning stocks.
Answer the following statement true (T) or false (F)
Suppose your grandmother dies and leaves you $100,000, but it will be held (without interest accruing) for another two years. You are trying to figure out how much you can borrow now, so that when you get the money, it can be paid off with this $100,000. What concept would you use?
A. The Rule of 72 B. Internal Rate of Return C. Future Value D. Present Value