An indifference curve illustrates the prices facing a consumer as she chooses how much X and how much Y to consume.
A. True
B. False
Ans: B. False
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Assume the demand and supply functions for good X can be written as Qd = 1000 - 40Px Qs = -200 + 20Px In this example, equilibrium price is $20 and the equilibrium quantity is 200
Indicate whether the statement is true or false
The above figure shows the market for a particular good. If the market is controlled by a perfect-price-discriminating monopoly, producer surplus equals
A) A + B + C + D + E. B) D + E. C) E. D) zero.
A portfolio’s performance is its yield to the holder.
Answer the following statement true (T) or false (F)
Camp Company had total earnings of $600 million in 2013, out of which it retained 20 percent for future investments. In 2013, its stock featured a dividend yield of 4 percent and 100 million shares were outstanding. The price-earnings ratio for Camp Company stock was
a. 5. b. 150. c. 20. d. 25.