Using the above table, the marginal utility for the sixth glass of water is
A. -5 utils.
B. 5 utils.
C. 260 utils.
D. 255 utils.
Answer: A. -5 utils.
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This year Gus purchased a used 1972 vehicle from Wee-Rob-U Auto Sales. The dealer paid $500 for it yesterday, and sold it to Gus for $3500. In principle, what happens to GDP?
A) Nothing, because the vehicle was already accounted for in 1972. B) Nothing, because Gus was ripped off. C) It increases by $3000. D) It increases by $3,500. E) It increases by $6,500.
Banks may borrow from or lend to another bank in the Federal Funds market. A loan of excess reserves from one bank to another bank is recorded as a(n) ________ for the borrowing bank and a(n) ________ for the lending bank
A) asset; asset B) asset; liability C) liability; liability D) liability; asset
Suppose there is currently a surplus of wheat on the world market. The problem of excess supply may be removed from the market by:
A) lowering the market price. B) shifting the supply curve leftward. C) shifting the demand curve leftward. D) Both A and B are plausible actions.
Refer to Scenario 15.6. The expected NPV of the computer purchase is approximately
A) $3,200. B) $5000. C) $10,000. D) $68,000. E) $96,000.