If producing a soccer ball costs Jake $5, and he sells it for $40, his producer surplus is $45

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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Both increases in the price level and increases in real GDP will decrease the demand for money

Indicate whether the statement is true or false

Economics

At one point along a PPF, 50 tons of coffee and 100 tons of bananas are produced. At another point along the same PPF, 30 tons of coffee and 140 tons of bananas are produced. The opportunity cost of a ton of coffee between these points is

A) 7/5 of a ton of bananas per ton of coffee. B) 1/2 of a ton of bananas per ton of coffee. C) 5/7 of a ton of bananas per ton of coffee. D) 2 tons of bananas per ton of coffee.

Economics

How does the Fed reach its target for the federal funds rate?

A) by changing the discount rate B) by changing reserve requirements C) by adjusting the level of reserves D) by directly setting the federal funds rate

Economics

The CPI is calculated

a. weekly. b. monthly. c. quarterly. d. yearly.

Economics