If the price of a normal good rises, the opportunity cost of that good rises and households buy less of the good.
Answer the following statement true (T) or false (F)
True
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David Ellwood suggests the explanation for low employment rates among poor families is Flawed Character
Indicate whether the statement is true or false
If a firm is earning a profit, then:
A. the ATC must be higher than the market price. B. total revenue must be higher than total cost. C. the ATC must be higher than AR. D. MR is equal to MC.
Suppose that Trey spends all of his income on vacation trips and textbooks. If the price of a trip is $200 and the price of a textbook is $50, then the slope of his budget line (assuming vacation trips are measured on the vertical axis) would be
a. -4 b. 4 c. 0.25 d. -1.75 e. -0.25
A management plan to buy back corporate stock in the event of a threatened takeover is one form of shark repellent
Indicate whether the statement is true or false