Which of the following is true if there is a surplus of loanable funds?
What will be an ideal response?
The quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is above equilibrium.
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A ten-year-old boy spent his allowance on a soccer ball and a baseball glove. He said he could not be happier buying anything else. The price of the ball was $5, while the price of the glove was $10 . If the marginal utility he received from the ball was 15 utils, then:
a. the marginal utility he received from expenditure on the glove was 3 utils. b. the marginal utility he received from expenditure on the glove was 30 utils. c. the total utility per dollar he received from expenditure on the glove was 3 utils. d. the total utility per dollar he received from expenditure on the glove was 10 utils. e. the marginal utility he received from the expenditure of the glove was 10 utils
Before World War I, most countries belonged to a system of fixed exchange rates in which currencies were tied to which of the following assets?
A) The U.S. dollar B) The British pound C) Silver D) Gold
Suppose Always There Wireless serves 100 high-demand wireless consumers, who each have a monthly demand curve for wireless minutes of QdH = 200 - 100P, and 300 low-demand consumers, who each have a monthly demand curve for wireless minutes of QdL = 100 - 100P, where P is the per-minute price in dollars. The marginal cost is $0.25 per minute. Suppose Always There Wireless charges $0.35 per minute. If Always There Wireless charges the highest fixed fee that it can without losing the low-demand consumers, what is Always There Wireless's total profit?
A. $11,250 C. $11,050 D. $8,450
The distribution of the burden of a tax depends strictly on the elasticity of demand
a. True b. False Indicate whether the statement is true or false