Why isn't the current yield a good indicator of holding a bond?
A) It doesn't account for the yield to maturity.
B) It doesn't account for capital gains or losses.
C) It doesn't account for the coupon.
D) It assumes that the current price equals its par value.
B
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Refer to Figure 13.1. If the voting method used to select a location for the recreation center is the plurality-rule method, the number of voters who will vote against the winning city is
A) 135. B) 195. C) 255. D) 405.
Refer to Figure 13-2. The marginal revenue from selling the additional unit Qb instead of Qa equals
A) the area (H - E). B) the area (G + H). C) the area G. D) the area (E + F) - (G + H).
Kate's Great Crete (KGC) is a local monopolist of ready-mix concrete. Its annual demand function is Q = 20,000 - 400P, where P is the price, in dollars, of a cubic yard of concrete and Q is the number of cubic yards sold per year. What is KGC's marginal revenue when it sells 5,000 cubic years of concrete per year?
A. $37.50 B. $25.00 C. $50.00 D. $0.00
If the MPC = .75, the spending multiplier is:
a. 4. b. 5. c. 1.33. d. 1.20. e. .25.