A college must decide if it wants to offer more Internet-based classes. This decision involves answering the economic question of "what to produce."
Indicate whether the statement is true or false
TRUE
You might also like to view...
Refer to Figure 6.6. What area represents the compensation for reduced consumption that results from an increase in the price of gasoline from $1.75 to $3.00 per gallon?
A. a + b
B. a + b + e
C. c + d + e
D. d + e
Susan quit her job as a teacher, which paid her $36,000 per year, in order to start her own catering business. She spent $12,000 of her savings, which had been earning 10 percent interest per year, on equipment for her business. She also borrowed $12,000 from her bank at 10 percent interest, which she also spent on equipment. For the past several months she has spent $1,000 per month on
ingredients and other variable costs. Also for the past several months she has earned $4,500 in monthly revenue. In the short run, Susan should a. shut down her business, and in the long run she should exit the industry. b. continue to operate her business, but in the long run she should exit the industry. c. continue to operate her business, but in the long run she will probably face competition from newly entering firms. d. continue to operate her business, and she is also in long-run equilibrium.
School Board Voters' Ordered PreferencesDavidErnieFionaNew gymNew libraryNew computer labNew libraryNew computer labNew gymNew computer labNew gymNew libraryIf a pair-wise majority vote was held and the voters' preferences are shown in the table, which of the following is true?
A. The outcome of the vote will change, depending on the order of the vote. B. The preferences of each member is transitive. C. The collective preferences of the group are not transitive. D. All of these are true.
Refer to Figure 34.3. The implied marginal tax rate is
A. 100 percent. B. 0 percent. C. Greater than 100 percent. D. 50 percent.