The United States has approximately
A. 100,000 businesses.
B. 5.1 million businesses.
C. 14 million businesses.
D. 30 million businesses.
Answer: D
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A popular entertainer gives a concert in a 50,000 seat stadium. To give her fans a break, she charges only $50 a seat instead of the customary $75 a seat
At $75 a ticket, there would have been 50,000 tickets sold, and at $50, there are 80,000 people who want tickets. As a consequence of the generosity of the entertainer A) her fans are made better off. B) a more fair system of pricing the tickets has been found. C) another type of system will have to be found to allocate the tickets, making some of her fans better off and others worse off. D) her fans are made worse off since there is an excess demand of 30,000 tickets.
The real interest rate can be negative
a. True b. False Indicate whether the statement is true or false
Which of the following is not one of the four broad categories of resources?
A) labor B) money C) capital D) entrepreneurship E) land
Refer to Figure 5.2, which shows a family of average cost curves. The average variable cost at a given level of output is represented by:
A. the vertical distance between Curve 1 and Curve 3 at a given level of output. B. the vertical distance between Curve 1 and Curve 2 at a given level of output. C. the vertical sum of Curve 1 and Curve 3 at a given level of output. D. the vertical sum of Curve 1 and Curve 2 at a given level of output.