Refer to Table 4.1, which shows Flo's and Rita's individual supply schedules for frozen latte-on-a-stick. Assuming Flo and Rita are the only suppliers in the market, what is the market quantity supplied at a price of $5?
A) 3 B) 12 C) 15 D) 27
D
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Which of the following best expresses the present value of $500 that you have to wait four years and three months to receive?
A. ($500/4.25) × (1+ i) B. ($500/4) × (1 + i)3 C. $500 × 4.25 × (1 + i) D. $500/(1 + i)4.25
Other things equal, if the fixed costs of a firm were to increase by $100,000 per year, which of the following would happen?
A. Marginal costs and average variable costs would both rise. B. Average fixed costs and average variable costs would rise. C. Average fixed costs would rise, but marginal costs would fall. D. Average fixed costs and average total costs would rise.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,
A. initially increases, then decreases. B. increases. C. remains constant. D. decreases.
The Core Personal Consumption Expenditures Index
A. strips out the cost of food and energy from the PCE. B. also includes producer prices (like the cost of iron ore). C. only includes food and energy. D. includes all goods and services people buy (not just what "average" people buy).