What is the marginal cost of the 5th unit?
a. $100
b. $105
c. $110
d. $115
c
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When a hard frost hits orange groves in Florida, the supply of orange juice ________ and price ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Write an essay on the Leontief Paradox. Include in your discussion what Leontief found that was so paradoxical as well as a brief description of several of the various reconciliations that have been offered to explain the Paradox
What will be an ideal response?
If money raised in the issue of new stocks and bonds is used effectively,
a. the income from them is not subject to double taxation. b. a firm need not meet SEC requirements. c. the stock is being "watered." d. they generate the means of repayment.
Dean should play golf instead of preparing for tomorrow's exam in economics if:
A. he is irrational. B. Dean can play golf for free. C. the economic surplus from playing golf is greater than the economic surplus from studying. D. the benefit of golfing is greater than the benefit of studying.