Which of the following pairs of goods are NOT complements?
A) Hockey sticks and hockey pucks
B) Computer CPUs and computer monitors
C) On-campus student housing and off-campus rental apartments
D) all of the above
E) none of the above
C
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A fall in the long-run real interest rates leads to a ________
A) leftward shift of the labor supply curve B) leftward shift of the labor demand curve C) rightward shift of the labor supply curve D) rightward shift of the labor demand curve
A loan is said to be productive if it
a. increases the purchasing power of the borrower. b. increases the present utility of the borrower’s possessions. c. ultimately costs less to repay than it was worth when borrowed, due to inflation. d. increases the borrower’s total output and profits.
The data below relate to a pure monopolist and the product it produces. If the firm currently sells 2 units of output at a price of $18, in order to maximize profit the firm should:PriceQuantityTotal Cost$220$20201241822716333144401254910659
A. lower its price to $14. B. lower its price to $16. C. raise its price to $20. D. leave its price and output unchanged.
In economic analysis, air pollution, water pollution, and scenery destruction are considered to be
A. private costs. B. externalities. C. internalities. D. opportunity costs.