If a the price index was 60 in 2000 and the price index was 90 in 2009, the best estimate of the annual inflation rate between 1998 and 1999 is:
a. 15%.
b. 40%.
c. 50%.
d. 90%.
e. 7/5.
c. 50%.
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Use the following information to answer the question below. Cloe is given $4 of pocket money to be spent on either hard candies or chocolates. Chocolates cost 40 cents each and hard candies cost 80 cents each. The marginal utilities derived from the consumption of each product are as shown in the following table.Number of Items Marginal Utility of Chocolates Marginal Utility of Hard Candies 1 60 150 2 50 140 3 40 120 4 30 100 5 20 80 6 10 70 7 5 50 8 0 20 Which combination would maximize Cloe's total utility given her $4 budget?
A. 0 chocolates and 5 hard candies B. 2 chocolates and 4 hard candies C. 4 chocolates and 3 hard candies D. 6 chocolates and 2 hard candies
Increases in population shift the market supply curve for labor to the right
Indicate whether the statement is true or false
Pollution from the U.S. Middle West may not only harm New England and Canada, it may extend to cause harm to the entire solar system
Indicate whether the statement is true or false
Which of the following is closest to the future value of a $40,000 deposit earning 3 percent interest annually after 5 years?
A. $46,371 B. $41,150 C. $41,282 D. $46,021