Refer to the table representing Darcy's bank account. Assuming that $1,000 was deposited into her account at the beginning of year 1, and no further deposits or withdrawals were made, which cell(s) represents the future value of the initial deposit if the money remains in the account for two years?
A. Cell B only.
B. Cell A only.
C. Cells A and D.
D. Cells B and C.
D. Cells B and C.
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A country's actual output ________ its potential output.
A. can only temporarily exceed B. is always be approximately equal to C. can never fall below D. can never exceed
The Clayton Act prohibits all horizontal mergers, regardless of their economic consequences
a. True b. False
Suppose that Janis is maximizing her total utility from chairs and tables. If the marginal utility of the last table she purchased is 200 utils, and the prices of chairs and tables are $50 and $100, respectively, then the marginal utility of the last chair she purchased
a. is 100 utils b. is 400 utils c. is 200 utils d. is 50 utils e. cannot be determined without more information
Suppose Ben owns a small company that makes kites. The market for kites is perfectly competitive, and kites sell for $25 each. Ben's total production costs vary depending on the number of kites he makes each day, as shown in the accompanying table.Number of kites Per DayTotal Cost Per Day ($)0100111021263148417252006235 If Ben's fixed cost rises, then in the short run, his:
A. profit-maximizing level of output will not change. B. profit-maximizing level of output will fall. C. economic profit will not change. D. profit-maximizing level of output will rise.