Most people who earn the minimum wage are poor
Indicate whether the statement is true or false
F
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If a monopolistically competitive firm is producing 50 units of output where marginal cost equals marginal revenue, total cost is $1,674 and total revenue is $2,000, its average profit is
A) $326. B) $40. C) $6.52. D) impossible to determine without additional information.
A cheeseburger is a
a. common resource, because it is rival in consumption but not excludable. b. public good, because it is rival in consumption but not excludable. c. public good, because it is excludable and rival in consumption. d. private good, because it is excludable and rival in consumption.
Describe the origins of the Fed and the arguments about the independence of the Fed.
What will be an ideal response?
Which of the following is true of liquidity?
a. Liquidity metrics include assets turnover, price-earnings ratio, and dividend yield.
b. Liquidity is the ability to convert assets to cash.
c. Liquidity is the ability of a company to generate net income related to its invested assets.
d. Liquidity metrics include debt ratio, times interest earned, and ratio of liabilities to stockholders' equity.