In 2020, the price for a market basket of consumer goods is $800. In the base year, the cost of the identical market basket was $1,000. The price index in this case is
A. 130.0.
B. 80.0.
C. 800.0.
D. 180.0.
Answer: B
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If the marginal social cost of producing a ton of cement is $4,000 and the marginal private cost is $3,500, then the
A) marginal benefit of a ton of cement will equal $4,000. B) total cost of producing a ton of cement is $7,500. C) marginal external cost of producing a ton of cement is $500. D) marginal external cost of producing a ton of cement is $7,500. E) marginal external cost of producing a ton of cement is $4,000.
What relationship is shown by a supply curve?
What will be an ideal response?
Dividends are equal to
A. Capital gains minus retained earnings. B. Corporate profits plus retained earnings. C. Corporate profits. D. Corporate profits minus retained earnings.
"Supply creates its own demand" implies that
A. the very act of supplying a particular level of goods and services will not necessarily equal the level of goods and services demanded. B. the government will buy up any surplus of goods and services in a country to avoid economic problems. C. the very act of demanding a particular level of goods and services necessarily equals the level of goods and services supplied. D. the very act of supplying a particular level of goods and services necessarily equals the level of goods and services demanded.