Refer to Figure 8.4. If two microwave ovens are produced, Micro Oven's total variable costs are
A) $350.
B) $425.
C) $500.
A) $350.
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The Denver Broncos is a football team in the NFL, the Colorado Crush is an arena football team, and the Highlands Ranch Falcons is a local High School team
Broncos tickets cost about $415, the Crush cost between $30 and $85 and Falcons tickets are $6. What do the prices per unit tell you about the marginal utility from each of these football games? A) The marginal utility will be equal from each game. B) The marginal utility will be greatest from a Crush game. C) The marginal utility will be greatest from a Falcons game. D) The marginal utility will be greatest from a Broncos game.
According to the short-run Phillips curve, the unemployment rate and the inflation rate are
A) negatively related. B) unrelated. C) positively related. D) unaffected by monetary policy.
Covered interest arbitrage involves both
A) the purchase of a foreign asset and a forward contract in the market for foreign exchange. B) the purchase of a domestic asset and a spot contract in the market for foreign exchange. C) the sale of a foreign asset and the purchase of a forward contract in the market for foreign exchange. D) the sale of domestic stocks and the purchase of foreign bonds. E) None of the above.
Which of the following is not considered a barrier to entry into a monopoly market?
A. having a natural monopoly. B. ownership of a key resource. C. government intervention. D. an new product-type is offered.