The value of Best Bank's accounting profits was $35 million.
a. $1,000
b. $100
c. $10
d. $1
b. $100
$1,000 (face value) × 10% (coupon rate) = $100 (annual interest) if the bond carries no risk.
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A prolonged period of drought will shift the long-run aggregate supply curve to the right
a. True b. False Indicate whether the statement is true or false
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.PriceQuantityTC$500$10.00$501$20.00$502$27.50$503$77.50$504$147.50$505$250.00According to the table shown, what is the firm's marginal revenue from the 3rd unit produced?
A. $50 B. $150 C. $90 D. $60
In 1975 tuition at Wattsomata University was $2,500 and the consumer price index was 80 . In 2011 tuition was $12,000 and the price index was 320 . Which of the following is correct?
a. Nominal and real tuition were both higher in 1975. b. Nominal and real tuition were both higher in 2011. c. Nominal tuition was higher in 1975, real tuition was higher in 2011. d. Nominal tuition was higher in 2011, real tuition was higher in 1975.
If the marginal cost of the 10th unit of output is $15 and the average total cost of the 10th unit of output is $15,
A. average total cost is minimized at 10 units of output. B. average total cost is decreasing at 10 units of output. C. average total cost is increasing at 10 units of output. D. average total cost is maximized at 10 units of output.