Irene is a vegetarian, so she does not eat pork. That is, pork provides no additional utility to Irene. She loves broccoli, however. If we illustrate Irene's indifference curves by drawing broccoli on the horizontal axis and pork on the vertical axis, her indifference curves will
a. slope downward.
b. be vertical straight lines.
c. slope upward.
d. be horizontal straight lines.
b
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Which of the following would NOT be a way to increase the return on equity?
A) Buy back bank stock. B) Pay higher dividends. C) Acquire new funds by selling negotiable CDs and increase assets with them. D) Sell more bank stock.
Consider the following information regarding a person’s decision to go to college: college tuition is $20,000 per year, room and board is $10,000 per year, and books and materials are $2,000 per year. Suppose that instead of going to college this person could have earned $18,000 working in a store. An economist would calculate the cost of going to college as
A. $20,000. B. $30,000. C. $32,000. D. $50,000. E. $18,000.
Which of the following is true of the total revenue curve of a firm in a perfectly competitive market? a. The total revenue curve is independent of the market price
b. As market price increases, the slope of the total revenue curve becomes flatter. c. As market price increases, the slope of the total revenue curve becomes steeper. d. As market price increases, the slope of the total revenue curve approaches zero.
Both full-time and part-time workers are included in the Bureau of Labor Statistics' "employed" category
a. True b. False Indicate whether the statement is true or false