Which of the following is not an example of the opportunity cost of going to school?
a. The money a student could have earned by working if he had not gone to college.
b. The nap a student could have enjoyed if he had not attended class.
c. The party a student could have enjoyed if he had not stayed in to study for his exam.
d. The money a student spends on rent for his apartment while attending school.
d
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The table above gives the demand for a monopolist's output. What is the total revenue in when 3 units of output are produced?
A) $21 B) $20 C) $18 D) $6
In the long run, increases in the money supply increase the economy's potential output level
a. True b. False Indicate whether the statement is true or false
The difference between slope and elasticity is that slope measures absolute change and elasticity measures percentage change
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 26.7 below to answer the question(s) that follow.
Figure 26.7Refer to Figure 26.7. The level of aggregate output that can be sustained in the long run without inflation
A. is $800 million. B. is $700 million. C. is $400 million. D. cannot be determined from this information because aggregate demand is not given.