If the quantity of tacos demanded is represented by the equation QD = 20 - 0.5P then the corresponding price of tacos is represented by the equation
A) P = 10 - 2QD. B) P = 40 - 2QD. C) P = 0.5QD + 10. D) P = QD + 40.
B
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If the marginal propensity to consume (MPC) is 0.80, the value of the spending multiplier is 2
a. True b. False Indicate whether the statement is true or false
I buy 100 shares of stock at $2 a share, with $100 of my own money. I borrow another $100 at 10 percent interest. The share price stays constant at $2. My rate of return is approximately:
A. 0 percent. B. ?10 percent. C. 2 percent. D. ?5 percent.
Refer to the above figure. Diseconomies of scale exist
A. over the entire range of output. B. up to output Q2. C. from output Q2 to Q5. D. after output Q5.
An example of a seasonally unemployed worker would be
A) a software engineer who is laid off because of declining demand for the software he writes. B) a day care provider who quits his job to go back to school. C) a General Motors employee loses her job because the company is downsizing its work force. D) a ski lift operator who loses his job when the snow melts in the spring. E) a mother who quits her job to stay home with her children.