James used $250,00 . from his savings account that paid an annual interest of 15% to purchase a hardware store. After one year, James sold the business for 320,000 . His accountant calculated his profit to be:
a. $320,000
b. $70,000
c. $282,500
d. $32,500
b
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The table below shows how the total utility that Alan derives from watching basketball games changes as he watches more and more games each week:
Basketball Games Total Utility Marginal Utility 1 55 2 85 3 110 4 130 5 145 6 155 Fill in the table above. Do the numbers in the table support the law of diminishing marginal utility? Explain.
If the Federal Reserve wanted to stimulate the economy, it would most likely:
A. reduce the discount rate. B. decrease reserves in the banking system. C. increase reserves in the banking system. D. Both A and C are true.
An estimated short-run cost function
A. holds the capital stock constant. B. can be estimated using time-series data. C. can be used to make price and output decisions. D. both a and c E. all of the above
Refer to the following nonlinear model which relates W to P, Q, and R:W = aPbQcRdThe computer output form the regression analysis is: 
Based on the info above, which of the parameter estimates are statistically significant at the 5% level of significance?
A. All parameter estimates except â and b? are statistically significant. B. â is not statistically significant, but all the rest of the parameter estimates are significant. C. c? is not statistically significant, but all the rest of the parameter estimates are significant. D. All the parameter estimates are statistically significant.