Katy is holding an English auction. If she estimates the values of her bidders to be $2, $4, $10, $15 and $25, she should expect to be able to make ____ off the auction
a. Just above $10
b. Just below $10
c. Just above $15
d. Just below $15
c
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According to the above figure, planned consumption and income are equal at an income level of
A) Y0. B) Y1. C) Y2. D) Y3.
The weight of empirical evidence suggests that in the United States, the real wage rate is
A) acyclical. B) bicyclical. C) procyclical. D) countercyclical.
Workers in the U.S. economy get most of their skill training in school
Indicate whether the statement is true or false
According to the Cost-Benefit Principle, you should go see the latest Star Wars movie with your friends this weekend if:
A. the extra benefits of seeing the movie are greater than the extra costs of seeing the movie. B. you can afford to go to the movies. C. the average benefit you get from going to the movies is greater than the average cost of a ticket. D. you really like Star Wars.