Because of college financial aid packages, the cost of college is highest for ______.
a. the poor
b. most of the middle class
c. the rich
d. first generation students
c. the rich
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The marginal approach to profit
a. says that a firm should take any action that adds more to cost than it adds to revenue b. says that a firm should take any action that adds more to revenue than it adds to cost c. says that a firm should strive to set profit equal to zero. d. says that a firms profit is maximized when average revenue equals average cost e. says that profit should be marginalized
Given: M = 800, V = 6, P = 4, and Q = 1,200. According to the crude quantity theory of money, if M rises to 1,000, how much would V, P, and Q be?
What will be an ideal response?
Refer to the data provided in Table 16.3 below to answer the following question(s).Table 16.3 shows the situation facing two firms, both of which are polluting. Assume that each firm emits 5 units of pollution.Table 16.3Firm AFirm AFirm AFirm BFirm BFirm BReduction of Pollution by Firm AMC of reducing pollution for Firm ATC of reducing pollution for Firm AReduction of Pollution by Firm BMC of reducing pollution for Firm BTC of reducing pollution for Firm B1$8 $81$16$16212202 24 40318383 32 72426644 401125361005 48160Refer to Table 16.3. Suppose the government wants to reduce the total amount of pollution from the current level of 10 to 4. To do this, the government caps each firm's emissions at 2 units and issues 2 permits to each firm. If firms are allowed to trade
permits, how many permits will be traded between the two firms? A. A will buy one permit from B. B. B will buy one permit from A. C. A will buy two permits from B. D. B will buy two permits from A.
The principal-agent problem that exists for bank trading activities can be reduced through
A) creation of internal controls that combine trading activities with bookkeeping. B) creation of internal controls that separate trading activities from bookkeeping. C) elimination of regulation of banking. D) elimination of internal controls.