YearCPI200594200699200710020081042009117Using the information in the table shown, the rate of inflation from 2005 to 2006 was:
A. 5.32 %.
B. 5.05 %.
C. 6.00 %.
D. 5.00 %.
Answer: A
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a. True b. False Indicate whether the statement is true or false
A cable television broadcast of a movie is
a. excludable and rival in consumption. b. excludable and not rival in consumption. c. not excludable and rival in consumption. d. not excludable and not rival in consumption.
A profit-maximizing firm will always operate at that output at which _______ is equal to ________.
Fill in the blank(s) with the appropriate word(s).
In the short run, the price charged by a monopolistically competitive firm attempting to maximize profits:
A. must be less than ATC. B. must be more than ATC. C. may be either equal to ATC, less than ATC, or more than ATC. D. must be equal to ATC.