According to the graph shown, if the market is in equilibrium, consumer surplus is area:
A. A.
B. A + B + C.
C. A + B + C + D + E.
D. D + E.
B. A + B + C.
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You want to buy a TV that regularly costs $250. You can either buy the TV from a nearby store or from a store that's downtown. Relative to going to the nearby store, driving downtown involves additional time and gas. The downtown store, however, has a 10% off sale this week. Last week you drove downtown to save $20 on some concert tickets, a 15% savings. Should you drive downtown to buy the TV?
A. Yes, because you will save more than $20. B. Yes, because you will save 10%, which is better than nothing. C. No, because you will only save 10%, which is less than 15%. D. No, because you will save more than $20.
A partnership can raise funds for expansion in which of the following ways?
A) issuing stock through secondary markets B) taking on more partners C) issuing stock through financial markets D) all of the above
The fractional reserve system allows banks to create money by making loans based on the quantity of demand deposits they have
Indicate whether the statement is true or false
The marginal factor cost of a monopsonist is
A. upward sloping and rises faster than the supply curve. B. downward sloping when the supply curve of labor is upward sloping. C. horizontal. D. upward sloping and the same as the supply curve.