There is an inverse relationship between the present value of a future amount and the interest rate used for discounting
a. True
b. False
A
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If fixed cost at Q = 100 is $130, then
a. fixed cost at Q = 0 is $0 b. fixed cost at Q = 0 is less than $130 c. fixed cost at Q = 200 is $260 d. fixed cost at Q = 200 is $130 e. it is impossible to calculate fixed costs at any other quantity
The amount by which an additional unit of a good or service increases a consumer's total utility is:
a. marginal bliss. b. marginal benefit. c. marginal utility. d. marginal.
If neither employers nor consumers are prejudiced,
a. discrimination cannot occur b. all wages will be equal for all workers c. there will be no non-ability-based wage differentials between different groups of workers d. statistical discrimination may still occur e. all equally qualified potential workers have an equal chance of employment and advancement
When the price of a good decreases more slowly than an index of average prices decreases, the good's relative price
A. Has risen while its actual price has fallen. B. And its actual price has fallen. C. Has fallen while its actual price has risen. D. And its actual price has risen.