Refer to the diagram of the market for money. The equilibrium interest rate is:
A. i 1 .
B. i 2 .
C. i 3 .
D. not determinable without additional information.
B. i 2 .
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Rock climbing areas are often on public lands. These areas, which are often crowded, are classified as
A) rival and excludable. B) non-rival and excludable. C) rival and non-excludable. D) non-rival and non-excludable.
The adverse consequences of debt deflation are most evident ________
A) in the expansion of credit to high-risk borrowers B) on the balance sheets of nonfinancial businesses C) in a sharp decline in the real interest rate D) on the balance sheets of financial businesses
Suppose the demand function for cable TV service is given by QCTV = 15 - 0.25 × PCTV + 0.0005 × M + 0.3 × PSTV, QCTV is the quantity of cable TV demanded (thousands of households), PCTV is the price of cable TV, M is income and PSTV is the price of satellite TV service. Suppose consumers' income is $50,000 and the price of satellite TV service is $90. At what price would the demand for cable TV services be equal to 55,000 households?
A. $67 B. $48 C. $12 D. There is not enough information to answer the question.
What is the average product of labor, given that the level of labor equals 10, total output equals 1200, and the marginal product of labor equals 200?
A. 6 B. 20 C. 120 D. 2,000