Suppose total benefits and total costs are given by B(Y) = 100Y ? 8Y2 and C(Y) = 10Y2. What level of Y will yield the maximum net benefits?
A. 100/36
B. 75/36
C. 75/18
D. 50/18
Answer: A
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Younger workers are:
A. Much more likely to migrate than older workers because younger workers have lower moving costs B. Much less likely to migrate than older workers because younger workers have more close friends at home C. Much more likely to migrate than older workers because younger workers have more human capital than older workers D. Much less likely to migrate than older workers because younger workers do not have as much experience
If a bond was to pay off one year from now for $440 and the interest rate is 10 percent, what is the price of the bond?
A) $44 B) $400 C) $440 D) $484
The price-output combination that maximizes profits for a monopolist occurs at the point where
A. total revenues and total costs are equal. B. total revenues are the greatest. C. the difference between total revenues and total costs is the greatest. D. the elasticity of demand equals one.
The public debt is the accumulation of all deficits and surpluses that have occurred through time.
Answer the following statement true (T) or false (F)