The loanable funds market is also referred to as the:
A) spot market. B) credit market. C) exchange market. D) capital market.
B
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Assume that when the price of good Z is increased from $5 to $6, the total revenue earned increases from $600 to $690. Based on this information, we can conclude that over this range, demand for Z is:
A) elastic. B) unit elastic. C) inelastic. D) perfectly inelastic.
A firm produces 500 units per week. It hires 20 full-time workers (40 hours/week) at an hourly wage of $15 . Raw materials are ordered weekly and they costs $10 for every unit produced. The weekly cost of the rent payment for the factory is $2,250 . How do the overall costs breakdown?
a. total variable cost is $17,000 . total fixed cost is $2,250; total cost is $19,250 b. total variable cost is $12,000 . total fixed cost is $7,250; total cost is $19,250 c. total variable cost is $5,000 . total fixed cost is $14,250; total cost is $19.250 d. total variable cost is $5,000 . total fixed cost is $2,250; total cost is $7,250
How is human capital most commonly measured?
a. By the organizational rank and seniority b. By the amount of pay and incentives c. By the amount of education and training d. By the compensation structure and work policies
Discuss why the discount rate may be considered a penalty rate of interest charged to banks.
What will be an ideal response?