Refer to the scenario above. If Rebecca wins the auction, she will earn a surplus of ________
A) $1,000
B) $4,500
C) $5,000
D) $45,000
B
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Tobin's q is the ratio of the
A) dividend payments of a firm to the current stock price of the firm. B) market value of a firm to the replacement cost of its capital. C) current stock price of a firm to the number of outstanding shares of stock in the firm. D) current stock price of a firm to the total earnings of the firm.
In the long run, fixed costs are
A) sunk. B) avoidable. C) larger than in the short run. D) not included in production decisions.
Refer to the information provided in Table 6.1 below to answer the question(s) that follow. Table 6.1Number of Hamburgers per DayTotal UtilityMarginal Utility130?252?367?476?5?4Number ofSodas per DayTotal UtilityMarginal Utility120?235?347?457?5?7Refer to Table 6.1. Diminishing marginal utility sets in after the ________ soda per day.
A. first B. second C. third D. fourth
When trying to move the economy out of recession, the Democratic Party is more likely than the Republican Party to focus on
A. supply-side policies. B. demand-side policies. C. regulatory policies. D. demand-side and supply-side policies.