Which of the following would not cause the demand curve for college football tickets to shift?
a. an increase in the price of professional football tickets
b. a decrease in the price of college basketball tickets
c. an increase in the price of college football tickets
d. a drop in student incomes
e. an increase in student preferences for college football tickets
C
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Since the costs of negative by-products are not deducted,
What is the present value of $500 promised four years from now at 5% annual interest?
A. $520.00 B. $400.00 C. $411.35 D. $607.75
How does inclusion of the current revenues and expenditures of the Social Security trust fund into the budget calculation affect the reported budget deficit of the federal government?
A. It increases the reported deficit. B. It reduces the reported deficit. C. It exerts no effect on the reported deficit. D. It increases the deficit during an economic boom but reduces it during a recession.
A monopolist will not be able to receive a positive economic profit at any price-output combination at which
A. marginal cost is less than average variable cost when the monopolist has equated marginal revenue and marginal cost. B. the average total cost curve is everywhere above the demand curve. C. marginal cost is less than average total cost when the monopolist has equated marginal revenue and marginal cost. D. marginal revenue falls at a faster rate than marginal cost increases.