Refer to the table above. What is the opportunity cost of commute per month to work if Ryan rents Apartment 2?
A) $20
B) $150
C) $200
D) $300
D
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You have just purchased 100 shares of the stock of Microsoft Corporation. This places you in the role of
A) principal. B) incentive system operator. C) agent. D) long-term contractor.
A decrease in the excess reserves banks want to hold, together with people taking currency out of their demand deposit accounts, would: a. increase the money supply
b. decrease the money supply. c. leave the money supply unchanged. d. have an indeterminate effect on the money supply.
In short-run equilibrium in perfect competition,
a. each firm's profit is measured by P - ATC b. each firm's profit is measured by ATC - P c. each firm's (economic) profit is positive d. the amount sold by existing firms at the market price is exactly equal to the quantity consumers demand at that price e. no firm wishes to enter the market
The cigarette industry in the United States would be an example of a:
A. differentiated oligopoly. B. noncollusive oligopoly. C. homogeneous oligopoly. D. duopoly.