Given the following information, we can infer that aggregate income equals:Profits$100Rent$150Compensation to employees$500Interest$150Taxes$100Transfer payments$50
A. $700.
B. $950.
C. $900.
D. $750.
Answer: C
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What is the formula for the present value of $1 one year from now? If the rate of interest is 5 percent, what is the present value of $10 to be paid one year from now?
What will be an ideal response?
A profit-maximizing monopolist never produces along the __________ portion of the demand curve because marginal revenue is __________ there
a. elastic; positive b. elastic; negative c. inelastic; negative d. inelastic; positive e. inelastic; zero
Movement along an indifference curve causes the loss in marginal utility (MU) of one good to ____ the marginal utility (MU) gained from another good
a. exceed b. reduce c. equal d. maximize
A perfectly inelastic supply curve is also called an infinitely elastic supply curve
a. True b. False Indicate whether the statement is true or false