If you can download 10 ring tones for your cell phone for $10 or you can download 11 ring tones for your cell phone for $10.50, then the marginal cost of the eleventh ring tone is
A. $0.50.
B. $10.00.
C. $10.50.
D. $20.50.
Answer: A
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Which of the following statements is true?
A) It is possible for an economy to change its economic institutions but not its political institutions. B) Neither the political institutions not the economic institutions of a nation can be changed. C) It is possible for an economy to change its political institutions but not its economic institutions. D) It is possible for an economy to change both its political and economic institutions.
Included on the board of directors of Microsoft are John W. Stanton, the chairman of Trilogy Equity Partners, the president of Harvey Mudd college Maria M. Klawe, and the former vice chairman of Bank of America Charles H. Noski
These three board members do not have a direct management role with Microsoft and are therefore referred to as A) competitive directors. B) outside directors. C) inside directors. D) honorary directors.
An allocation of resources is Pareto efficient if it is:
A. possible to make at least one consumer better off without making someone else worse off. B. possible to make all consumers better off. C. impossible to make any consumer better off without making someone else worse off. D. impossible to make any consumer better off without making everyone worse off.
The agreement that established a system of fixed exchange rates immediately following World War II is known as the: a. IMF agreement
b. World Bank agreement. c. Bretton Woods agreement. d. none of the above.