If Table 12.2 represents all the investments available to the economy, the nominal interest rate is 4.5 percent and there is no inflation, what will be the level of investment in the economy?
A) $200 B) $500 C) $600 D) $800
C
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In order to continue operating, in the long-run a firm must
a. Charge a price equal to its AVC b. Charge a price equal to its AFC c. Charge a price equal to its AC d. None of the above
Using the information in the table shown, the marginal revenue for the 4th unit is:
This table represents the revenues faced by a monopolist.
A. higher than that of the 3rd unit.
B. lower than that of the 3rd unit.
C. the same as that of the 3rd unit.
D. That cannot be calculated from the information given.
A firm can produce 450 gallons of milk per day with 4 workers and 500 gallons per day with 5 workers. The marginal product of the fifth worker expressed in gallons per worker per day, is:
a. 35. b. 50. c. 70. d. 350.
Free riders enjoy:
A. negative externalities from others' choices to pay for a good. B. positive externalities from others' choices to pay for a good. C. positive externalities transferred from consumers who receive subsidies. D. positive externalities from a good they choose to buy themselves.