Which of the following observations concerning labor cost patterns over the last century is true?
a. Average real wages started rising after 1973.
b. Hourly compensation rates have fallen dramatically.
c. Compensation growth slowed markedly.
d. Average hours worked per week have increased by almost 50 percent.
c
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Refer to Monopoly Problem. The equation for this monopolist’s marginal revenue is
Consider a monopoly with constant marginal costs of $20. Consumers in the market for this monopoly’s product have demand of Q = 100 - 2P. a. MR = 100 - 2P b. MR = 100 - 4P c. MR = 50 - 0.5Q d. MR = 50 - Q
In the figure above, consumer surplus at the price that maximizes the profit for an unregulated, single-price monopolist is the area of
A) rectangle 0heb. B) triangle abe. C) triangle eig. D) rectangle 0hgd.
Exhibit 6A-2 Consumer Equilibrium
?
Given the budget lines and indifference curves shown in Exhibit 6A-2, point B yields:
A. more total utility than point F. B. more total utility than points A and C. C. less total utility than point F. D. equal total utility to point F.
All of the following are examples of off-balance sheet activities that generate fee income for banks EXCEPT
A) foreign exchange trades. B) guaranteeing debt securities. C) back-up lines of credit. D) selling negotiable CDs.