Refer to the above table. The equilibrium price of tablets is
A. $500.
B. $550.
C. $650.
D. $700.
Answer: B
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Ricky is in a consumer equilibrium. Given the prices of goods, Ricky has allocated all his income such that his marginal utility per dollar spent is ________ for ________ goods
A) as small as possible; all B) equal; all C) equal; normal D) maximized; all
An example of a cost of economic growth is
A) longer life spans. B) political instability. C) alienation. D) increases in illiteracy.
In the probit model, G is the:?
A. ?standard normal cumulative distribution function. B. ?cumulative distribution of normal distribution function. C. ?standard normal probability distribution function. D. ?normal probability distribution function.
Stockholders have limited liability for the acts of the corporation for which they hold stock.
A. True B. False C. Uncertain