Refer to Figure 16-6. If Sensei charges the competitive price for his classes, what is the maximum amount of admission fee that he can collect from his customers?
A) the area A + C + D + G + H B) the area A + B
C) the area A + B + C + D D) the area A + B + C + D + E
D
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In an oligopoly, minimum efficient scale is likely to occur at a level of output that is a large fraction of industry sales
Indicate whether the statement is true or false
Experiments:
A. make it easier to determine whether people's choices are consistent with standard economic theory, but can make it harder to establish causality. B. often make it easier to establish causality, but can make it harder to determine whether people's choices are consistent with standard economic theory. C. make it easier both to establish causality and to determine whether people's choices are consistent with standard economic theory. D. make it harder both to establish causality and to determine whether people's choices are consistent with standard economic theory.
Suppose that the exchange rate between Mexican pesos and dollars is 8 pesos per dollar. If the exchange rate goes to 6 pesos per dollar, it would tend to: a. increase U.S. exports to Mexico
b. decrease U.S. exports to Mexico. c. increase Mexican exports to the rest of the world. d. decrease Mexican exports to the rest of the world.
If a person is going to borrow $360,000 for a home and pay it off in monthly payments of $3,159.26 for 30 years, the internal rate of return is
A. 15%. B. 0%. C. 5%. D. 10%.