During the Great Depression, the monetary base in the U.S.:
A. was highly erratic.
B. increased.
C. remained constant.
D. decreased significantly.
Answer: B
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Always There Wireless is wireless monopolist in a rural area. There are 200 customers, each of whom has a monthly demand curve for wireless minutes of Qd = 200 - 100P, where P is the per-minute price in dollars and Q is the number of wireless minutes. The marginal cost of providing the wireless service is $0.25 per minute. If Always There charges $0.50 per minute and the largest fixed fee that it can at that price, what is the difference in profit per customer compared to when it charges $0.25 per minute and the largest fixed fee that it can at that price?
A. Profit per customer is the same in both cases, and it is equal to zero. B. Profit per customer is the same in both cases, and it is positive. C. Profit is $3.13 per customer higher at a price of $0.50. D. Profit is $3.13 per customer higher at a price of $0.25.
The trade balance is
A) by definition, identical to the current account balance. B) is a major portion, but not the only component, of the current account balance. C) almost invariably larger than the financial account balance. D) the largest component of the financial account.
In the figure below, spending $1 million on advertising increases the demand from D0 to D1. What is the marginal benefit of the advertising?
A) $90 million
B) $1 million
C) $80 million
D) None of the above answers are correct.
Which of the following is not a component of the aggregate demand curve?
a. Consumption (C). b. Investment (I). c. Government spending (G). d. Net exports (X-M). e. All of these are components.