The following are examples of final goods in national income accounting, except:
A. Lumber and steel beams purchased by a construction company
B. Tractor purchased by a construction company
C. Laptop computer purchased by an executive for personal use
D. Desktop computer purchased by an executive for business use
A. Lumber and steel beams purchased by a construction company
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What is the standard deviation of the payoff from an investment that yields $1,000,000 with a probability of 0.001 and $0 with a probability of 0.999?
A. $998,001,000 B. $999,000 C. $316.07 D. $31,606.96
In the graph showing the Phillips curve, at point B the inflation rate is ______.
a. the same as at point A
b. less than at point A
c. more than at point A
d. double what it is at point A
Which of the following is an example of the "damaged goods" strategy
a. A doll company selling dolls at cost but charging high margins on doll accessories b. A cell phone company offers free locked in phones but charges high prices per call c. A catering company pays its chefs higher wages to make sure that the bargain meals are just slightly burnt d. None of the Above
A profit-maximizing monopolist produces an output level at which
a. marginal revenue is the greatest distance from marginal cost b. price is less than marginal cost c. the value to society of the last unit produced equals marginal cost d. marginal revenue equals marginal cost e. consumers wish to purchase less than what is produced because of high monopoly prices