Beginning in late 2000s, the FDIC sought to increase the public's confidence in depository institutions by
A. lowering insurance premiums for bank deposits.
B. assessing insurance premiums on banks' total liabilities.
C. eliminating insurance premiums for bank deposits.
D. changing the scope of insurance to banks' assets.
Answer: B
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If a monopolist produces to a point at which marginal revenue is less than marginal cost then
A) profits are being maximized. B) profits will always be negative. C) the incremental cost of producing the last unit exceeds the incremental revenue. D) the incremental cost of producing the last unit is less than the incremental revenue.
Economic theory assumes that
What will be an ideal response?
If a firm manager has a base salary of $50,000 and also gets 2 percent of all profits, how much will his/her income be if revenues are $8,000,000 and profits are $2,000,000?
A. $90,000 B. $210,000 C. $250,000 D. $150,000
Citizen voters are typically ignorant of many political issues because
A) information is not a good. B) information is only a free good. C) information is a scarce good. D) politicians have always conspired to keep voters misinformed.