On average the productivity of an individual usually peaks when the individual is about
A) 25.
B) 40.
C) 50.
D) 65.
Answer: C
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Arbitrage
A) is the act of buying an item at a low price and reselling the item at a higher price. B) is the act of selling an item on consignment and collecting a huge portion of the proceeds to compensate for the seller's time. C) is any act of buying and selling that results in the seller earning an above normal profit. D) is the act of buying an item at a low price, bundling it with another and selling the new package at a much higher price.
In the Keynesian framework, as long as output is ________ the equilibrium level, unplanned inventory investment will remain negative and firms will continue to ________ production
A) below; lower B) above; lower C) below; raise D) above; raise
Microsoft issues a 2-year bond with a face value of $5,000 . In addition to the principal paid at maturity, the bond has 2 annual coupon payments of $500 each, to be received at the end of the first and second year respectively. If the interest rate is 10 percent (0.10) per year, what is the value of the newly issued bond?
a. $5,000.00 b. $6,000.00 c. $5,886.68 d. $4,901.48 e. $41.32
Assume that a monopolist practices perfect price discrimination. The firm will produce an output rate
A) that is greater than the efficient level of output. B) that is less than the efficient level of output. C) that is equal to the efficient level of output. D) that converts consumers surplus into a deadweight loss.