Relative to a perfectly competitive market for an exhaustible resource, the monopolist charges a ________ price and uses the resource more ________
A) lower, slowly
B) lower, quickly
C) higher, slowly
D) higher, quickly
C
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"Economic profits are less than or at most equal to accounting profits." Do you agree or disagree? Explain
What will be an ideal response?
Suppose you put $500 into a bank account today. Interest is paid annually and the annual interest rate is 8 percent. The future value of the $500 after 2 years is
a. $428.67. b. $470.00. c. $580.00. d. $583.20.
Credit cards create:
A. financial liabilities for the issuer once they are used by the holder. B. money for those who use them. C. financial liabilities for those who use them. D. money for those who issue them.
Answer the next question on the basis of the following information about the hypothetical economy of Asland. All figures are in millions.Unemployed7Total population145Employed95Discouraged workers3The labor force in Asland is
A. 105 million. B. 95 million. C. 102 million. D. 145 million.