Referring to the table above, if consumption in period one is zero, then consumption in period two cannot be greater than ________
A) $72,800
B) $70,400
C) $71,200
D) $70,800
C
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Sue's Surfboards is the sole renter of surfboards on Big Wave Island. Sue does not price discriminate. For Sue's Surfboards, the change in total revenue from each additional surfboard rented is her
A) marginal revenue and is equal to the rental price of a surfboard. B) marginal cost and is greater than the rental price of a surfboard. C) marginal revenue and is less than the rental price of a surfboard. D) marginal cost and is constant regardless of how many surfboards are rented.
The process by which banks screen potential applicants by eliminating bad risks and to obtain a pool of creditworthy borrowers is called:
A) gap analysis B) duration analysis C) credit-risk analysis D) liquidity analysis
In the economy of Talikastan in 2015, consumption was $4000, exports were $800, GDP was $7500, imports were $200, and investment was $1000 . What were Talikastan's government purchases in 2015?
a. $1200 b. $1900 c. $2500 d. $4500
If MUx/Px exceeds MUy/Py, then a household can increase its utility by spending more on X and less on Y.
Answer the following statement true (T) or false (F)