Figure 10.1 shows a monopolist's demand curve. If the monopolist increases output from four to five units, what is its marginal revenue?
A. $16
B. $15
C. $3
D. -$1
Answer: D
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In the circular flow model, which of the following owns the factors of production?
A) only federal, state, and local governments B) only households C) only firms D) both firms and households E) firms, households, and all levels of government
In 2010, of the following which nations had the highest level of real GDP per person?
A) Japan B) Europe Big 4 C) Canada D) China
If a banking system receives an initial deposit of $150,000 and the reserve requirement is 40 percent, the total deposit in the banking system (including the initial deposit) can be expanded by _____
a. $375,000 b. $150,000 c. $60,000 d. $250,000 e. $450,000
A perpetuity is selling for $20,000 when the interest rate is 6%. What must the expected annual payment be?
a. $600. b. $1,200. c. $3,333. d. $6,000.