If the Boston Red Sox baseball team is currently charging a ticket price where its demand is inelastic, then the Red Sox's marginal revenue is
A) negative.
B) positive.
C) zero.
D) maximized.
E) undefined.
A
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The components of investment expenditures include all of the following except
A) financial investment. B) residential investment. C) non-residential investment. D) inventory investment.
Which of the following does GDP omit?
A) Jack purchases $2,300 worth of stock in company X. B) Bob mows his lawn and washes and irons his shirts. C) Helen receives $4,000 a year in Social Security payments. D) a and b E) a, b, and c
When looking at this graph for the welfare effects of a price ceiling, area d represents ______.
a. the net welfare gain to society b. the deadweight loss to society c. the transfer of consumer surplus to producer surplus d. the transfer of producer surplus to consumer surplus
The formation of the European Monetary Union:
A. reduced exchange rate instability but made it harder for members to manage their own economies. B. increased exchange rate instability and made it harder for members to manage their own economies. C. reduced exchange rate instability and made it easier for members to manage their own economies. D. increased exchange rate instability but made it easier for members to manage their own economies.