Both the supply and demand curves can shift due to changes in income
a. True
b. False
B
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Refer to Figure 12-10. Total revenue at the profit-maximizing level of output is
A) $1,200. B) $2,500. C) $4,800. D) $6,000.
If Don paints the outside of his house a horrendous color: a. he probably has lowered the value of his home, but not that of his neighbors' homes
b. he probably has lowered the value of his home and the value of his neighbors' homes. c. he probably has lowered the value of his neighbors' homes but not the value of his own home. d. none of the above
When inflation occurs, consumers
A. realize gains in their wealth. B. increase spending to catch up with higher prices. C. automatically shift the consumption line upward. D. suffer a decrease in real wealth.
Which of the following statements is most accurate?
A. Yield to maturity is equal to the coupon rate if the bond is held to maturity. B. Yield to maturity is the same as the coupon rate if the bond is purchased for face value and held to maturity. C. Yield to maturity will exceed the coupon rate if the bond is purchased for face value. D. Yield to maturity is the same as the coupon rate.