The Denver Broncos is a football team in the NFL, the Colorado Crush is an arena football team, and the Highlands Ranch Falcons is a local High School team
Broncos tickets cost about $415, the Crush cost between $30 and $85 and Falcons tickets are $6. What do the prices per unit tell you about the marginal utility from each of these football games? A) The marginal utility will be equal from each game.
B) The marginal utility will be greatest from a Crush game.
C) The marginal utility will be greatest from a Falcons game.
D) The marginal utility will be greatest from a Broncos game.
D
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An efficient allocation of resources requires that a product's price equal its average cost
a. True b. False Indicate whether the statement is true or false
How does a budget deficit lead to a trade deficit?
A. The trade deficit triggers higher interest rates, which increase the budget deficit. B. The budget deficit leads to higher interest rates and exchange rates, which shrink net exports. C. The trade deficit causes lower interest rates, which leads to economic recession and a budget deficit. D. The budget deficit causes lower exchange rates, which decrease net exports.
The future value of $100 at a 5% per year interest rate at the end of one year is:
A. $95.00 B. 107.50 C. $105.00 D. $97.50
Discuss the three basic types of economic systems.
What will be an ideal response?