Figure 4-9
Refer to . The market for gasoline was initially in equilibrium at point b and a $.40 excise tax is illustrated. How much revenue would the $.40 gasoline tax raise?
a.
$18 million
b.
$36 million
c.
$72 million
d.
$100 million
b
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Use the following graph of the demand for electric cars to answer the question below.
Which of the following would occur if electric cars became less expensive?
A. D3 to D1 B. Point a to point b C. Point b to point A D. D2 to D1
If in the third quarter of 2016 total investment spending was $4,768 billion and depreciation was $3,292 billion, then net investment was equal to
A) $1,476 billion. B) $3,292 billion. C) $4,768 billion. D) $8,060 billion.
In a zero-sum game
A) the gains of one player are less than the gains of the other player. B) the gains of one player are greater than the gains of the other player. C) the gains of one player directly reflect the losses of another player. D) the gains and losses of players are all expressed in zeros.
Tucker Corporation sells its product for $5.00. Tucker's industrial engineers have informed management that hiring one additional worker will increase output by five units per hour. Tucker should hire the additional worker only if the wage rate is:
A. $5.00 or less per hour. B. $1.00 or more per hour. C. $25.00 or less per hour. D. more than $25.00 per hour.