Which of the following is true of a certificate of deposit?
a. They are accounts at savings and loan associations.
b. The funds in this deposit account are not given out in the form of loans.
c. The funds in this account must be deposited for a specified period of time.
d. The value of the deposit should be more than $100,000.
e. The deposits earn very little or no interest.
c
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Miniville is an isolated town located on the southern shore of Lake Condescending, a very large lake. The western edge of Miniville is adjacent to impassable mountains and there are no towns or businesses for many miles to the east. The 300 residents of Miniville are evenly distributed along 3 miles of shoreline on the lake, east of the mountains. Lake Shore Drive, the only street in town, provides access to Miniville's homes and businesses. All residents live between the lake and the street; businesses locate on the other side of the street. Lake Shore Drive is 3 miles long, and the points labeled A, B, and C are 1, 2, and 3 miles from the western end of Lake Shore Drive, respectively. All residents of Miniville shop at the store located closest to their homes. src="https://sciemce.com/media/4/ppg__rrr0818190951__f1q219g1.jpg" alt="" style="vertical-align: 0.0px;" height="117" width="538" />If the first store to open in Miniville is located at A, to maximize the number of customers it attracts, the next store to open should locate:
A. at C.
B. just west of A.
C. at B.
D. just east of A.
Assume that a restaurant is hiring labor in an amount such that the MRC of the last worker is $16 and her MRP is $12. Based on this information, we can say that
A. profits will be increased by hiring additional workers. B. profits will be increased by hiring fewer workers. C. the restaurant is maximizing profits. D. marginal revenue product must exceed average revenue product.
If a person who does not pay for a good can be prevented from consuming it,
a. that good is said to be excludable b. that good is said to be nonexcludable c. consumption of that good creates a positive externality d. production of that good creates a negative externality e. that good is called a pure public good
Residents of Leon County have developed a strong liking for barbeque pork sandwiches. Residents of Bay County buy the same amount of barbeque pork sandwiches but believe beef sandwiches are just about as good. From this, we can infer that
a. residents of Leon County will not care what the price of barbeque pork sandwiches is. b. compared to residents of Leon County, residents of Bay County will have a smaller price elasticity of demand for barbeque pork sandwiches. c. compared to residents of Leon County, residents of Bay County will have a larger price elasticity of demand for barbeque pork sandwiches. d. residents of Leon County will increase their purchases by a larger amount for beef sandwiches than residents of Bay County in response to a "50 cents off" sale on beef sandwiches.