Refer to the accompanying figure. The total utility of consuming 4 pizzas a week is:
A. 22.5
B. 90
C. 75
D. 15
Answer: B
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Refer to the table above. What is the marginal rent cost if the firm decides to choose factory Far over factory Very Far?
A) $40 B) $100 C) $150 D) -$150
Which of the following best defines a positive network externality?
a. a strategy that will be optimal regardless of opponents’ actions b. an increase in a consumer’s quantity demanded for a good because a greater number of other consumers are purchasing the good c. the study of strategic interactions among economic agents d. an increase in a consumer’s demand for a good because fewer consumers are purchasing the same good
Higher unemployment tends to be associated with
A. lower real GDP. B. higher real GDP. C. the classical model. D. higher nominal GDP.
Which of the following rules affected hedge funds as a result of the Dodd-Frank Act of 2010?
A) Hedge funds have to make detailed disclosure of their asset holdings. B) Large hedge funds must register with the SEC. C) Investors are allowed to make withdrawals after the first week. D) Carried interest is taxed as ordinary income.