For a rational consumer, the consumer’s surplus will never be a negative number.

Answer the following statement true (T) or false (F)


True

Economics

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If the value of the domestic currency depreciates:

a. Aggregate demand rises and aggregate supply falls. b. Aggregate demand rises, but aggregate supply does not change. c. Aggregate demand falls and aggregate supply rises. d. Aggregate demand rises and aggregate supply rises. e. Aggregate demand falls and aggregate supply falls.

Economics

What is the relationship between the marginal product of labor and the value of the marginal product of labor?

Economics

Which of the following is not one of the methods of calculating the cost of common stock?

a. capital asset pricing model b. bond yield plus risk premium model c. dividend growth model d. capital liabilities assessment model e. none of these

Economics

Accounting profits are typically:

A. equal to economic profits because accounting costs include all opportunity costs. B. greater than economic profits because the former do not take implicit costs into account. C. smaller than economic profits because the former do not take implicit costs into account. D. greater than economic profits because the former do not take explicit costs into account.

Economics