Refer to the above table. The marginal utility of the 5th movie for Rosie is
A. 50 units of utility.
B. 60 units of utility.
C. 70 units of utility.
D. 400 units of utility.
Answer: B
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In building an economic model, variables that are taken as given are referred to as ________ variables
A) exogenous B) endogenous C) concrete D) presumptive
The United States has a much higher national debt as a percentage of GDP compared to other industrialized nations
a. True b. False Indicate whether the statement is true or false
Consider a Stackelberg duopoly with the following inverse demand function: P = 100 ? 2Q1 ? 2Q2. The firms' marginal costs are identical and are given by MCi(Qi) = 2. Based on this information, the follower's reaction function is:
A. rF(QL) = 24.5 ? 0.5QF. B. QF = 49 ? 0.25QL. C. QL = 49 ? 0.5QF. D. rF(QL) = 24.5 ? 0.5QL.
In the expectations-augmented Phillips curve, ? = ?e - 3(u - 
). If ? = 0.03 when ?e = 0.06 and u = 0.06, then 
=
A. 0.02. B. 0.03. C. 0.04. D. 0.05.