The main cost of a college education is
A. the opportunity cost of not working.
B. dependent upon whether one's parents pay for the college or not.
C. tuition if one goes to a private college and room and board if one goes to a public college.
D. the lack of practical experience from spending time in college.
Answer: A
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The figure at right shows the demand and marginal cost curves for a monopoly. The deadweight loss of this monopoly equals
A. C
B. c+f.
C. h
D. c+d+e+f.
? Assume that Figure 4-4 shows demand for new houses. A decrease in income of buyers will change demand from
A. D1to D2 B. D2to D1. C. D2to D3. D. D1to D3.
The aggregate demand curve will shift outward and to the right when the Federal Reserve undertakes which of the following monetary policies?
a. Open market purchases of government securities b. An increase in the discount rate c. An increase in the reserve requirement d. A reduction in loans to the U.S. Treasury e. A more lenient supervision of savings and loan institutions
You are the sole proprietor of a video rental shop. Sales have been climbing and customers are beginning to complain that they have a hard time finding copies of the really popular titles. You would like to address these complaints by buying more
videos, but unfortunately, you don't have any extra cash lying around to sink into the business. Your cousin Ned offers to put $30,00 . into the business, if you make him a partner. If you do, you will no longer have a sole proprietorship, but will have to change your firm to a partnership or a corporation. What should you consider when deciding how to reorganize your firm?