As interest rates rise, more and more investments become profitable for a firm
a. True
b. False
Indicate whether the statement is true or false
False
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How might a decrease in the labor force participation of males be related to the increase in the participation rate for females?
What will be an ideal response?
At the current price of a good, Al's consumer surplus equals eight, and Ben's consumer surplus equals 15. By charging a two-part tariff, a monopolist could increase his profit by
A) 8. B) 16. C) 15. D) 30.
The statement "as more of a good is consumed, the utility a person derives from each additional unit diminishes" is known as the:
A. water and diamond paradox. B. law of diminishing marginal utility. C. law of total utility. D. marginal-utility-to-price ratio equalization rule.
Suppose the price change of a good causes no change in quantity demanded, we would say that the item is
A) perfectly elastic. B) perfectly inelastic. C) infinitely elastic. D) unitary elastic.