Refer to the below table. What percentage of households made less than $15,000?
A. 5
B. 6
C. 11
D. 23
C. 11
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Figure 4.3 illustrates the demand for tacos. If people expect the price of tacos to decrease in the near future, this would most likely bring about a movement from
A) point a to point b. B) point c to point a. C) D2 to D0. D) D0 to D1.
Consider the relationship given by QCars = 100 + 4 × PCars - 2 × PSteel - 0.2 × PWorkers, where QCars is the quantity of cars supplied (in thousands), PCars is the price of cars (in thousands of dollars), PSteel is the price of steel, and PWorkers is the wage earned by autoworkers. If the price of steel is $10 per unit and the price of workers (the wage) is $20, how many cars will be supplied if the price of cars is $20,000?
A. 96,000 B. 156,000 C. 204,000 D. 960,000
Sunk costs are irrelevant for decisions about future actions because ______.
a. the money has been spent and cannot be recovered to use again b. the money has not been spent yet, so the amount is not known c. they only affect a firm in the short run, not the long run d. they may or may not be applicable under future conditions
An arbitrageur is someone who:
A. simultaneously buys and sells financial instruments to benefit from temporary price differences. B. seeks the high returns that come from the high risk inherent in futures markets. C. always takes the short position in a futures contract. D. always takes the long position in a futures contract.