The Economic Act of 1946 allowed the federal government to use discretionary fiscal policy to pursue economic prosperity
Indicate whether the statement is true or false
True
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Suppose Island Bikes, a profit-maximizing firm, is the only bike rental company in a small resort town. The marginal cost to Island Bikes of renting out a bike is $3, and Island Bikes has no fixed costs. Each day Island Bikes has six potential customers, whose reservations prices are listed below.CustomerReservation Price($/Rental)A22B16C12D8E6F4 Suppose Island Bikes knows that customers whose reservation prices are at least $10 always rent bikes before noon, while those whose reservation prices are below $10 never do so. If Island bikes charges different price in the morning and in the afternoon, then what will be its daily economic profit?
A. $32 B. $27 C. $33 D. $39
The average difference over a long period of the interest rate on long-term bonds and the interest rate on the short-term federal funds rate is called
A) risk premium. B) term premium. C) FED's premium. D) monetary premium.
In a simple majority vote on a public project,
A) the project will never be undertaken if the costs exceed the benefits. B) the project may be undertaken even though the total costs exceed the total benefits. C) the intensity of individual preferences is taken into account. D) the project will always be undertaken if the total benefits exceed the total costs.
In an oligopoly, the price effect is:
A. the increase in price from lowering the quantity sold. B. the decrease in total revenue that occurs because the increase in quantity will push the market price down. C. the increase in output that comes from raising the price. D. the increase in total revenue due to the money brought in by the sale of additional units.