Based on the present-aim standard a person who drinks gasoline and subsequently dies could be consider rational as long as:
A. her behavior helps other people.
B. her death is not painful.
C. she really likes the taste of gasoline and death.
D. she thinks her behavior will result in more gasoline for other people.
Answer: C
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Suppose a monopolist's demand curve is P = 60 - Q, and its cost function is C = 10Q + 50 so its marginal cost is 10
If a governmental agency wished to set the price so that it created the smallest deadweight loss without causing the monopolist to have negative economic profits (thus shutting down), that price would be A) $10.00. B) $11.02. C) $14.57. D) $35.00.
If a firm has established monitoring devices that have a 50% chance of detecting shirking, and an employee gains $5,000 from shirking, the employer can deter shirking by having employees post a bond equal to
A) $2,500. B) $5,000. C) $10,000. D) $50,000.
Some companies are having their technical support calls answered by people located in India. This is an example of
A) a factor that shifts the supply of labor curve in the U.S. B) insourcing. C) outsourcing. D) a change in the demand for the final product that labor produces.
From 2001 to 2015, the debt-GDP ratio in the United States
A. was about constant. B. steadily increased. C. steadily fell. D. fell from 1995 to 1998, then rose sharply.