If the rate of exchange for a pound is $4, the rate of exchange for the dollar,
A. is 1/4 pound.
B. is 4 pounds.
C. is $.25.
D. cannot be determined from the information given.
A. is 1/4 pound
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Calculate the discounted value of $2,875 to be received from a bank a year later at an interest of 15 percent per annum
a. $2,625 b. $2,075 c. $2,015 d. $2,500
Bennie's Top Factory produces 1,000 tops per day for a total daily revenue of $2,000 . Bennie's total costs would rise by $2 if it produced the 1,001st top. Because marginal revenue and price are equal and constant,
a. profit would rise by $2 if Bennie produced one additional top b. profit would fall by $2 if Bennie produced one additional top c. profit would not change if Bennie produced one additional top d. profit will fall by some unknown amount if Bennie produced one additional top e. the total cost curve must have shifted to the left
The market supply curve for a public good is derived from the typical profit-maximizing behavior of firms
a. True b. False Indicate whether the statement is true or false
In the United States, control of the quantity of money is given to the:
A. Federal Reserve System. B. Department of the Treasury. C. Bureau of Printing and Engraving. D. President.