The total revenue graph consistent with Table 8.1 is
A) linear and upward-sloping.
B) linear and horizontal.
C) linear and vertical.
D) linear and downward-sloping.
E) concave downwards.
A
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Ten years ago, you set aside $1,000 . For the first 6 years, you earned a return of 6 percent per year, but for the following 4 years, that rate of return dropped to 3 percent. How much money do you now have at the end of the 10 years?
What will be an ideal response?
Billy is considering the purchase of a rental house. The house costs $240,000 and it will generate annual revenues of $15,000 and annual expenses of $3,000. What is the internal rate of return of this investment?
A) 5% B) 7.5% C) 3.75% D) 24%
If the demand for a good increases, it is likely that the demand for the factors of production used as inputs will:
A. decrease. B. increase. C. stay the same. D. None of these statements is true.
Are outstanding credit card balances counted as part of the money supply?
a. Yes; they are used to purchase things, and therefore, they are included in the money supply figures. b. No; money is an asset, while the credit card balances are a liability. Thus, they are not included in the money supply figures. c. Partly; credit card balances of $100 or less are included in the M1 money supply, but the money supply figures do not include balances in excess of $100. d. Partly; credit card balances are included in the M1 money supply, but not the M2 money supply.