Suppose the demand for a product is lnQxd = 12 ? 3 ln Px. Then product x is:
A. unitary elastic.
B. elastic.
C. inelastic.
D. It cannot be determined without more information.
Answer: B
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In the above figure, the efficient amount of output is ________ units
A) 25 B) 50 C) 75 D) 100
Bonds that pay no periodic (annual) interest are
A) zero-coupon bonds. B) coupon securities. C) perpetuities. D) tax-exempts.
Consider an industry consisting of four firms with market shares of 30 percent, 25 percent, 25 percent, and 20 percent. Calculate the Herfindahl Hirschman Index and interpret your result
The demand curve for capital is
a. its entire marginal physical product curve. b. the downward-sloping portion of its marginal physical product curve. c. its entire marginal revenue product curve. d. the downward-sloping portion of its marginal revenue product curve.