Mary is a homemaker while husband Jack works at the warehouse. The minimum salary Mary would take for a market-related job is $15,000 . She is offered a job at the office next to the warehouse for $25,000 . which she takes. Mary receives
a. $10,000 in differential rent
b. $25,000 in wage-related rent
c. $15,000 in wage-related rent
d. $15,000 in differential rent
e. $10,000 in wage-related rent
E
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A tax of $5 per airplane ticket is _____
a. a unit tax b. an ad valorem tax c. an income tax d. a value-added tax
Which of the following counties are largely dependent on trade with the United States?
a. China and Japan b. U.K. and Germany c. Canada and Mexico d. France and Belgium e. Canada and U.K
Dewey earned a salary of $75,000 in 2001 and $95,000 in 2006 . The consumer price index was 177 in 2001 and 266 in 2006 . Dewey's 2006 salary in 2001 dollars is
a. $47,768.36. b. $63,214.29. c. $84,550.00. d. $142,768.36.
Refer to the information provided in Figure 5.3 below to answer the question(s) that follow.
Figure 5.3Refer to Figure 5.3. Use the midpoint formula. If the price of a gardenburger decreases from $9 to $8, the price elasticity of demand equals ________ and demand is ________.
A. -6.33; elastic B. 6.33; elastic C. -19.0; inelastic D. -0.16; inelastic