Refer to the information provided in Figure 6.8 below to answer the question(s) that follow.
Figure 6.8Refer to Figure 6.8. The total utility of four movies is ________ and the fourth movie's marginal utility is ________.
A. 28; 0
B. 25; 10
C. 15; 0
D. 28; 3
Answer: A
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The LM curve is the combinations of
A) the output gap and the real interest rate for which the money market is in equilibrium. B) the inflation rate and nominal interest rate for which the money market is in equilibrium. C) the inflation rate and real interest rate for which the money market is in equilibrium. D) the inflation rate and real interest rate for which the goods market is in equilibrium.
Stockholders normally receive higher expected returns, compared to bondholders, since
A. the government mandates higher payments to stockholders. B. stock prices go up and down while bond prices do not. C. profits may only be retained by the corporation and not paid out to stockholders. D. stockholders could be left with nothing if the corporation fails, and bondholders will receive interest payments even if the corporation suffers losses.
We can predict the outcome of a two-player game as long as
a. each player follows a strategy that negates the other player's strategy b. at least one player has a bilateral strategy c. neither player has a subsistence strategy d. neither player has a dominant strategy e. at least one of the players has a dominant strategy
Jim transfers money from his money market account to his savings account. This action
a. reduced M1 and increases M2. b. increases M1 and reduces M2. c. has no effect on M1 or M2. d. increases M1 and M2.