Refer to the table representing Kara's bank account. Assuming that $2,000 was deposited into her account at the beginning of year 1, and no further deposits or withdrawals were made, the interest rate Kara is receiving on her account:
A. is 5 percent.
B. is 10 percent.
C. is 20 percent.
D. cannot be determined.
B. is 10 percent.
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A competitive, unregulated market would
A) produce too much pollution because pollution is an external cost. B) produce too little education because education has an external benefit. C) fail to achieve equilibrium if there are externalities present. D) Both answers A and B are correct. E) Both answers B and C are correct.
The table above shows the marginal private benefit, marginal social benefit, and marginal cost of education at the College of Epsilon. What is the efficient number of students at the college?
A) 1,000 B) 3,000 C) 4,000 D) 5,000
Jeff decides that he would pay as much as $3,000 for a new laptop computer. He buys the computer and realizes consumer surplus of $700 . How much did Jeff pay for his computer?
a. $700 b. $2,300 c. $3,000 d. $3,700
Suppose you are given the following data on demand for a product. The price elasticity of demand when price decreases from $9 to $7 is:PriceQuantity Demanded$1030940850760670
A. 1.60. B. 0.63. C. 2.27. D. 1.16.