Half of all your potential customers would pay $10 for your product but the other half would only pay $8 . You cannot tell them apart. Your marginal costs are $4 . If you set the price at $10, the expected profit is:
a. $3
b. $4
c. $5
d. $6
a
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How does the relationship between housing prices and rental rates provide evidence for or against the existence of a housing bubble?
What will be an ideal response?
The Bureau of Labor Statistics' "employed" category includes those who worked as paid employees, worked in their own business, or worked as unpaid workers in a family member's business
a. True b. False Indicate whether the statement is true or false
The low point of the Great Depression was reached in the year
A. 1929. B. 1931. C. 1933. D. 1935.
Which of the following is not a consequence of the Fed changing the required reserve ratio?
A) Changes in the ratio are easily incorporated into banks' routine management. B) Decreasing the ratio will increase excess reserves. C) Increasing the ratio will decrease the amount of reserves banks have to loan. D) Changes in the ratio effectively places a tax on banks' deposit taking and lending activities.